October 29th is just 4 month's away

This is a fascinating piece of news:

DETROIT (AP) -- General Motors Corp. has forbidden senior executives and other employees with access to internal financial information from buying or selling company stock indefinitely, a spokeswoman for the automaker said Monday.

GM shares are down 1.80% today.

One of the most amusing suggestions after the Supreme Court's shocking attack on property rights went something like this:

Can't the City of Detroit now take control of GM's factories and hand them over to Toyota? That way, they'd collect more tax because the plants would become more profitable.

Why not? That's the logic of the Court's decision, which has been described as the "Wal-Mart Enabling Act". Nice one.

I have added these guys to my blogroll. May they fight again another day.