GM won't have to pay taxes on $45 Billion in future profits

[XDCX]

Originally Posted by DealerEx

Now, we find out they are going to get to operate taxfree for awhile...they just happen to make this public right at the same time they announce they will post a $2.6 billion second qtr. profit...and right at the same time they are announcing details of the IPO which will allow the Treasury to recover billions. Gee...that just might make make investors look at the IPO more favorably, huh? All just purely coincidental...ya' think?

Part of me want to invest in the GM IPO because I can envision a scenario where the shares will be artificially propped up so the Treasury can complete their exit plan.