edgar.sec.gov - 5/6/2009
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GENERAL MOTORS CORPORATION
INFORMATION STATEMENT
PURSUANT TO SECTION 14C OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
WE ARE NOT ASKING YOU FOR A PROXY, AND YOU
ARE REQUESTED NOT TO SEND US A PROXY.
bloomberg.com - 5/3/2009
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bloomberg.com —
(Corrects first paragraph to remove reference to SEC
seeking authority over what hedge funds can buy and...
borrow in story published May 2.) May 2 (Bloomberg) -- The U.S. Securities and Exchange Commission should be given more authority over hedge funds ...
(more)
SEC’s Schapiro Wants Power to Make Hedge-Fund Rules ...
online.wsj.com - 5/7/2009
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online.wsj.com —
Give the financial crisis credit for at least
one good thing: it exposed the Securities and Exchange...
Commission. From systemic risk to Bernie Madoff, the failure of the SEC is now an accepted truth on Wall Street. The commission not only whiffed on ...
(more)
SEC Squanders a Shot at Reform
online.wsj.com - 5/7/2009
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online.wsj.com —
SARAH N. LYNCH WASHINGTON -- President Barack Obama's
fiscal 2010 budget request would give federal securities and...
commodities regulators additional resources to investigate fraud and manipulation in the financial markets. The Obama administration ...
(more)
SEC, CFTC Would Get More Enforcement Resources
Comments
Blog Reactions
GM Shareholders: Poof!
The Market Ticker —
... You didn't/don't hold the stock, did you?
If so, I hope you sell tomorrow, assuming it opens over 2 cents/share.
Seriously.
No really, I'm not kidding.
In a filing with the SEC late this afternoon it was disclosed that the GM "restructuring" would:
Increase the number of authorized shares to 62 billion (!)
Reduce the par value to one cent.
Effect a 100:1 reverse split for the existing shareholders.
The effect of this as disclosed would be that the existing ...
Sorry GM bagholders
Trading to Win —
... http://edgar.sec.gov/Archives/edgar/data/40730/000119312509100053/dpre14c.htm ...
One Dozen Notes on our Current Situation in the Markets
The Aleph Blog —
... 6) I have long had GM and Ford as “zero shorts.” Sell them short, and you won’t have to pay anything back. Though Ford is prospering for now, GM is declining rapidly. ...
Related: gm securities exchange
The Fed Never Does Notice And Comment —
Conglomerate
In expanding the TALF yesterday (that's one of the program through which the Fed loan banks money in exchange for unsaleable assets, the Fed said: The Federal Reserve Board on Friday announced that, starting in
June, commercial mortgage-backed securities (CMBS) and securities
backed by ...