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

Announcement of global alien threat, global meltdown, and lastly implementation of NWO

Tonight is the night Obama takes his mask off in public and reveal to the world his true identity; Alfred E. Neuman

Their ears are quite similar!

reply to post by Night Watchman


Oh..

I didnt even see your post relating to this..

This was just my own opinion

Touche my friend

Originally posted by Scopeless
I work for an ABC affiliate...

It's the GM bankruptcy thing. We got a message about it. Nothing to see here folks...you know, other than our nation's industries falling one after the other.

Interesting. Why put an embargo on it until 10PM though? Why not make it tomorrow morning? Also, a lot of the news about the restructuring has already been made public, so what is there that is worth putting an embargo on?

This is what I think the announcement pertains to.

GM prepares for bankruptcy protection announcement

DETROIT – With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly Sunday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court. A majority of the Detroit automaker's unsecured bondholders announced they had accepted a deal viewed as crucial to reorganization, and Germany agreed to loan $2 billion to GM's German unit, Opel, as part of its acquisition by a Canadian auto parts supplier. The moves don't change much for GM, but shore it up for a bankruptcy protection filing, said Rebecca Lindland, an auto analyst for the consulting firm IHS Global Insight. "The more agreements GM has with its interests, the better the bankruptcy is going to go," she said. "It's not a game changer at all.

source

Why the embargo on the info if it is only the GM BK?

Who are they protecting? What are they protecting?

What will the market do?

This all seems surreal, anyone have a good explanation for a news embargo?

It does appear to be the GM talk this evening.
Great timing....am thinking Stock Market here!!!
And not just the bell at 9:30 in the morning either.

Peace...

I have the Dow Jones Futures Contracts running real time on my computer screen, when this news drops I will post it in this thread and the market thread (the movement in futures contracts)

Look, as other posters have pointed out, if the announcement was anything of significance Obama would be making an address from the oval office. Also, these embargoed items are usually business related.

reply to post by GreenBicMan


When they say 10pm that's eastern time, correct? As in, only an hour away?

I talked to my father briefly about an embargo. He said it's rarely used, and it's usually something as monumental as the president getting shot...

I really hope we're not starting ww3 or anything else absurd...

[edit on 31-5-2009 by unityemissions]

reply to post by unityemissions


Yup, 10 PM eastern.

I wonder what it's about. I don't think it's about GM, though, because most of that information has already been released. They're also giving a statement about GM tomorrow, not today.

[edit on 31-5-2009 by Totakeke]

reply to post by unityemissions


hmmm.. well right now we are sitting ok..

usually big money knows whats up before we do (at least 1 minute that is)

gotta have your berry attached to your right hip pocket with the BT headset lol

we are down a few points on the futures contracts since they opened up this evening, but that doesnt mean anything...

Yep in actually 65 minutes from right now its 855 EST

reply to post by GreenBicMan


Thanks....

I like reading this type of news here with comments much better than ticker taping.

I also have a knot forming in the pit of me belly.
Will look for the numbers.

Peace...

Probably nothing.

They embargoed photos and video of a Memorial Day Tribute recently until the next morning. So, just "embargo-ing" something doesn't mean it's earth shattering.

Memorial Day Tribute

**Edit to fix link**


[edit on 31-5-2009 by BRQuick]

reply to post by Gyrochiral


Yes, you and many others are sitting with their "trigger finger" on buy/short lol

Still as of right now.. nothing is up

Originally posted by JacKatMtn
Why the embargo on the info if it is only the GM BK?

Who are they protecting? What are they protecting?

What will the market do?

This all seems surreal, anyone have a good explanation for a news embargo?

As others here have posted, an Embargo serves advanced notice to news organizations of a forthcoming story/announcement with the understanding that the news not be released until the appointed time.

In the case of business related news, it could be because a sensitive negotiation is underway and a news leak could put the expected agreement in jeopardy.

Just speculating but that would be a potential explanation.

reply to post by BRQuick


Gamecocks fan?

LOL

Hawkeyes fan here.. loved the game at raymond james new years day this year LOL!!!

LETS GO HAWKS!!!

Were you there too?

Actually USC fans were pretty cool IMO..

It's 2am here, but I'm gonna stay up for this.

GM popping up on Denninger's place also - looks the likely issue at the moment.

Mr. Koch, a managing director at the advisory firm AlixPartners LLP, will be named to the post when GM files its bankruptcy papers at 8 a.m. Monday at the U.S. Bankruptcy Court in New York's Southern District, these people said. He will be the highest-ranking outsider in GM's officer ranks and oversee about 60 Alix employees working for the auto maker.

source

This will have a knock-on affect to their huge supply chain, which may see bankruptcy also! Unemployment figures will not be on the White House's agenda tonight! Don't mention their bailout either!

reply to post by Night Watchman


Thanks for the clarification, though I do wonder why advise the media only to tell them not to release until said time?

Could be to give them time to put together some front page headline articles?

Hmmmm.... Oh well thanks for the help and thanks to all for the updates