GM Bailout Looking Better: Government To Sell Three-Quarters Of Its Shares
Forthcoming stock sale will help the company reimburse taxpayers for saving it.
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On the Milwaukee lakefront
Waukesha County, Republican pols failed to kill it.
Sunset on the lakefront, summer 2018
86 turbines overcame Walker's blockade
The historic 19th-century building has stone floors, copper decoration, and iron work by the famous artisan Cyril Kolnic. Stop in and walk around.
Milwaukee skyline
A forum, news site and archive begun in February, 2007 about politics and the environment in Wisconsin. And elsewhere.
Fall sunset past the Hoan Bridge
Lake Michigan gale
On the Milwaukee lakefront
Milwaukee's streetcar, "The Hop," is running.
Waukesha County, Republican pols failed to kill it.
The Calatrava Addition to the Milwaukee Art Museum
Sunset on the lakefront, summer 2018
Milwaukee River empties into Lake Michigan
Wisconsin wind farm, east of Waupun
86 turbines overcame Walker's blockade
Skylight illumination in Milwaukee City Hall
The historic 19th-century building has stone floors, copper decoration, and iron work by the famous artisan Cyril Kolnic. Stop in and walk around.
What water, wetland protection is all about
"A little fill here and there may seem to be nothing to become excited about. But one fill, though comparatively inconsequential, may lead to another, and another, and before long a great body may be eaten away until it may no longer exist. Our navigable waters are a precious natural heritage, once gone, they disappear forever," wrote the Wisconsin Supreme Court in its 1960 opinion resolving Hixon v. PSC and buttressing The Public Trust Doctrine, Article IX of the Wisconsin State Constitution.
Lake Michigan in winter
Milwaukee skyline
James Rowen's Bio
James Rowen is an independent writer based in Milwaukee, Wisconsin. He worked as the senior Mayoral staffer in Madison and Milwaukee and for newspapers in both cities. This blog began on 2/2/ 2007.
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4 comments:
You might want to check your math Rowen.
As the article points out, the Feds need to have a $44/share price to break even.
So this stock sale means we are at best losing $5.25 Billion dollars, $6.05 if they increase the offering even more.
Not sure what loods so good about that - maybe I need to borrow your rose colored glasses.
Leave it to Rowen and the Dems to spin losing $6 Billion as a win.
My bad - according to media reports today it is actually going to be
a $9 Billion loss on the stock sale.
Way to go Obama!
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