Buy a GM Car, Get GM Stock

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Edward Niedermeyer:

With GM’s resale values and stock price hovering at record lows, two Texas dealers have come up with one hell of a sales gimmick. Buy a GM vehicle at Frank Kent Motor Co. in Fort Worth, Texas by the end of the month and the owners will give you 50 shares in General Motors. The scheme is advertised as a celebration of GM’s 100th anniversary, but when asked by Automotive News [sub], Frank Kent Motors owners admit that the promotion was actually inspired by the depths to which GM stock had sunk. And while “50 shares of General Motors” sounds better than “$327? (based on GM’s $6.54/share price at the time of writing), the dealers see the stock as (get this) a hedge against depreciation.

The Latest from Tommy Thompson

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Dan Slater:

Enter Akin Gump partner Tommy Thompson — the former Wisconsin governor, former secretary of Health and Human Services and former presidential hopeful. Yesterday, Thompson was officially named independent counsel for the National Thoroughbred Racing Association’s newly created Safety and Integrity Alliance. According to a press release, Thompson will lead a team that will monitor the reform program and provide annual progress reports.

The Law Blog recently spoke to the 66 year-old Thompson to talk about politics, ponies and his new gig.

Why were you the man for the job?

I was the secretary of Health and Human Services, and was there when 9/11 and all those other things had to be taken care of. I was responsible for the FDA. I was governor for 15 years. I’m a farmer. I had an interest in Flashy Bull. I’ve been passionate about horse racing. Plus, My law firm, Akin Gump, does this kind of work. We’ve done it for the NFL in the past, and for all kinds of investigations into government.

Horse racing….