Wednesday, May 04, 2005

The Sharks Go After GM

FINANCIAL NEWS

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The stock market shot up today. The cause was due mostly to one man: Kirk Kerkorian.

He has a long and colorful history of taking over companies like MGMand then dismantling them and altering them into something else, in MGM's case, turning them into a casino after holding a fire sale of their assets. He also serves as sponsor of slush funds for the GOP giving them money to run hysterical ads attacking tax paying or medical reforms.

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