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Breaking News: US Government to own 60% of GM, Canada 12%. Details inside.

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posted on May, 31 2009 @ 08:40 PM
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Something else to consider guys...

Notice the trendlines in yellow I have drawn

This is the past several days...

A breakout either way would be pretty big..

We should all be watching this..




DOW FUTURES PAST SEVERAL DAYS




posted on May, 31 2009 @ 08:43 PM
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Good grief, more Obamadrama. Maybe he wants to give a review of the play he and Michelle saw last night. I am beside myself with anticipation.



posted on May, 31 2009 @ 08:43 PM
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Originally posted by Night Watchman

Originally posted by Soldat401
Just got this update on twitter from one of the editors of BreakingNewsOn(@mpoppel)


mpoppelBreaking news from the White House.. embargoed until 10pm EDT.. *sigh* stay tuned!

source: twitter.com...


What do you think this could be? It's an odd time to make an announcement of something. 10PM on a Sunday. The only thing I can think of is that we are preparing to strike North Korea.


Can anyone provide some info on who this Michael van Poppel is and whether there is any reason to believe he would be receiving a heads up on a breaking news story?

Now, there are cases in which the news media is informed that there will be an announcement on an important issue at a later time and be asked to keep the lid on it until the specified time.

That said, it's hard to believe he would be in that loop...


Mpoppel on twitte is I believe a corespondent covering major news, I have followed him for some time, no messing around and on target.



posted on May, 31 2009 @ 08:50 PM
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China has now called for the repayment of the debt we owe them at this time we are in talks on a bailout plan which should help the US through these trying times and turn the US around and make the US more profitable.



posted on May, 31 2009 @ 08:51 PM
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8519 on the futures now.. still rising...

So someone knows something right now, thats apparent



posted on May, 31 2009 @ 08:52 PM
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reply to post by GreenBicMan
 


maybe, but the saying is...

Buy the rumor, sell the news

So I'll wait and see what happens after the news comes out



posted on May, 31 2009 @ 08:53 PM
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reply to post by redhatty
 


VERY VERY VERY VERY TRUE


POINT NOTED MY FRIEND



posted on May, 31 2009 @ 08:54 PM
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where is this going to be broadcasted ... fox news?



posted on May, 31 2009 @ 08:55 PM
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just hit 8525...

25 points or so from a new yearly high if anyone is taking note...


hmmmmmmmmmmmmmmm



posted on May, 31 2009 @ 08:55 PM
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BBC says GM will file bankrupty before the market opens today.....but maybe its a last minute deal with the 60% buy in by "New Africa"



posted on May, 31 2009 @ 08:56 PM
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Excuse if this has already been pointed out:

Obama Administration briefing planned for this evening.

He probably wants to suppress negative stock market reaction tomorrow.



posted on May, 31 2009 @ 08:59 PM
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well that snapped back quick...

lol


as of 958pm EST


futures real time 958 PM EST



posted on May, 31 2009 @ 09:00 PM
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Heraldo FOX News Alert



posted on May, 31 2009 @ 09:00 PM
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here we go folks its on CNN



posted on May, 31 2009 @ 09:02 PM
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GM WILL BE SUSPENDED BY NYSE



posted on May, 31 2009 @ 09:02 PM
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CNN's Breaking news is GM...Yawn....



posted on May, 31 2009 @ 09:02 PM
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WASHINGTON — A congressional official says General Motors Corp. will file for bankruptcy protection Monday and the federal government plans to take a 60 percent ownership stake in the company.

The official familiar with the plan says President Barack Obama plans to tell the nation that the government will provide an additional $30 billion in aid to help the automaker emerge from bankruptcy but is committed to staying out of the automaker's business decisions. The plan was confirmed by a second person familiar with the details.



posted on May, 31 2009 @ 09:02 PM
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U.S. GOVERNMENT TO TAKE 60 PERCENT OWNERSHIP STAKE IN GM; CANADA AND ONTARIO TO RECEIVE 12 PERCENT.

US to pump another $30BB into GM



posted on May, 31 2009 @ 09:03 PM
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First line.

Last Known Titanic Survivor Dies... that must be it!



posted on May, 31 2009 @ 09:04 PM
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Originally posted by Piranha
I dont know, but I am going to keep and eye out!

Maybe he's releasing his birth certificate?



Classic!





[edit on 31-5-2009 by Ben Niceknowinya]



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