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Old 07-02-2008, 11:35 PM   #14 (permalink)
Buickman
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Join Date: May 2005
Location: Flint MI
Drives: 08 Enclave
Posts: 2,366
Re: GM shares fall below $10 for first time since 1954

Quote:
Originally Posted by logansowner View Post
Surely unrepayable credit is the way to go here. I mean, look how great credit works for the government...and mortgage holders.

I don't think they will go under, but I also don't like corporate welfare.
short interest is over 20% of the float and 5 year bond guarantees cost over 40%, very indicative of the downward pressure and high likelihood of BK. you'd have much better odds taking your $1000 to the casino, even if you only play Roulette (worst game in the house).
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