Anyone who's surprised, go stand in the corner

John Lott reports that Government Motor's Initial Public Offering will be less than expected, and the Government will sell off little of it's 61% stake in Lada.

To fetch the highest possible price for the government, G.M. is planning an overall offering of stock valued at $8 billion to $10 billion, which is lower than previous internal targets...

His Imperial Majesty has himself a cash cow, and he intends to milk it for all it's worth.