GM IPO: Rattner’s Pump Dump

By: Thursday November 18, 2010 2:04 pm

When Steven Rattner published this piece on the GM IPO in HuffPo, he had not yet been sued by NY’s Attorney General for allegedly being “willing to do whatever it took to get his hands on pension fund money including paying kickbacks, orchestrating a movie deal, and funneling campaign contributions,” nor had he yet settled–with no admission of guilt–the SEC investigation that alleges he, “delivered special favors and conducted sham transactions that corrupted the Retirement Fund’s investment process.” Thus, it would go too far to call the Steven Rattner that published that piece a fraudster, or even an alleged fraudster.

But a big part of this victory lap is fraudulent.

 

GM Completes Record IPO, Success of Bailout Still Unknown

By: Thursday November 18, 2010 8:00 am

This IPO is no great reflection, one way or another, on the success of the bailout.

Indeed, it may be something far worse. . . .

Rattner, Wagoner, and How to Run a Car Company

By: Monday November 1, 2010 3:40 pm

I’m going to have a few follow-up posts about Steven Rattner’s Overhaul generally and Saturday’s book salon on it. But for the moment, I wanted to add something to two excellent reviews of it by Malcom Gladwell and Felix Salmon. Together, they both distinguish between the product GM makes and the debt it had.

Follow Firedoglake
TODAY’S TOP POSTS
CSM Ads advertisement
Advertisement