I believe there is something wrong with the morals of the current executives and the Federal regulators who are allowing the IPO to take place. To the regulators credit they knew the only way the piece of shit car maker would pay back their bailout funds was via a massive capital raising effort. Whether legally or illegal they were gonna do whatever it took.
The 18 billion dollar questions is will this flotation work? Will she fall flat on her face or will a surprise win by the Democrats send this market racing higher carrying GM shares with it? Nov 18th will tell.