SAIC, China's Largest Automaker, To Invest In GM

The American taxpayer bailed GM out, but small investors aren't going to be able to get into this:

But it could prove frustrating for retail investors who want to get in on the deal. The U.S. government has said that smaller investors will be able to participate in the offering of General Motors, which was rescued from near-collapse by taxpayer bailouts worth a combined $51 billion, but brokerages that sell to smaller investors including Charles Schwab and Scottrade aren't taking part in the offering.


Fidelity has an agreement with GM underwriter Deutsche Bank to sell shares to retail investors, said spokesman Steve Austin. But to place an order, investors must have at least $500,000 in assets with Fidelity, make 36 trades a year or be a premium investor, which normally is for high net-worth clients, Austin said.


Treasury spokesman Mark Paustenbach would not comment on small investors' access to the GM sale.

The greatest heist in the history of the world continues, more Americans are winding up like this, and Obama intends to cave on extending Bush's tax cuts, when IN FACT, if Congress let the Bush tax cuts lapse, the deficit would be cut IN HALF, immediately.

Read the Article at HuffingtonPost