GM Inside News Forum - View Single Post - GM shares fall below $10 for first time since 1954

Buickman · 07-02-2008, 11:25 PM

the government should not bail them out. it is the direct fault of management, the Board for leaving Red Ink Rick in place, and the shareholders for keeping a useless Board. any guarantees or money given will only be wasted fruitlessly by a management team incapable of stopping the downward slide. much as I love GM and hate to say it, GM must be allowed to go under.

the writing is on the wall, negative $41 Billion in shareholder equity, and the same old goofy, cheeseball, money losing, distress merchandising SALES which are the reason we have gone downhill. I feel no sorrow or pity. they just wouldn't listen and now they are toast. too bad for those who will suffer because of Wagoner. as I said we don't need a Volt, we need a Revolt!

07-02-2008, 11:25 PM	#11 (permalink)
Buickman Banned Join Date: May 2005 Location: Flint MI Drives: 08 Enclave Posts: 2,366	Re: GM shares fall below $10 for first time since 1954 the government should not bail them out. it is the direct fault of management, the Board for leaving Red Ink Rick in place, and the shareholders for keeping a useless Board. any guarantees or money given will only be wasted fruitlessly by a management team incapable of stopping the downward slide. much as I love GM and hate to say it, GM must be allowed to go under. the writing is on the wall, negative $41 Billion in shareholder equity, and the same old goofy, cheeseball, money losing, distress merchandising SALES which are the reason we have gone downhill. I feel no sorrow or pity. they just wouldn't listen and now they are toast. too bad for those who will suffer because of Wagoner. as I said we don't need a Volt, we need a Revolt!