This much is certain: The next time GM wants to create $30 billion out of nothing, it won’t be so easy.
I do not agree. Sure it will. They will just issue more stock and sell it to the sheeple. People are stupid. They will hand over large amounts of their wealth to thieves as long as it looks legitimate.
How is that mutual fund doing?
via How GM Made $30 Billion Appear Out of Thin Air: Jonathan Weil – Bloomberg.