If you don't think our Government is in favor of Nationalization - read this.
US Govt Pushes German Govt To Nationalize Opel
ReportLast update: 5/14/2009 4:35:48 AMFRANKFURT (Dow Jones)--
The U.S. government is pushing the German government to nationalize General Motors Corp.'s (GM) Adam Opel GmbH, German daily Handelsblatt reports Thursday, citing German government sources. The U.S. is generally skeptical about a solution for Opel involving a trustee, an option presented by German economics minister Karl Theodor zu Guttenberg, and are hard to convince they won't be worse off with such a solution, the report says. An Opel spokesman declined to comment, the newspaper says. A German government spokesman Wednesday rejected a report in regional newspaper Rheinische Post, which said that the German government is planning to temporarily nationalize Opel. "Tomorrow, there will only be talks exchanging information, there won't be any preliminary decisions. A temporary nationalization of Opel is not being discussed," the government spokesman told Dow Jones Newswires. Newspaper Web site: www.handelsblatt.de -Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500. (END) Dow Jones NewswiresMay 14, 2009 04:35 ET (08:35 GMT)
My post are opinions only - Please do your own due diligence before investing.
