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by Anonymous on May 28th, 2009
It is worse than a crash..it's a double crash.
1) if it is stabalized with tax dollars, it will be a huge tax burden to tax payers
and
2) to stock and bond holders, the stock will not have growth potential because the government I think just announced that it is to own 72% of GM..and dont look for the government that just infuse money into GM before letting it file bankruptcy and stands ready to push more money in when they should have let them file for bankruptcy restructuring THEN put the first batch of relief funds into GM..dont look for that government to EVER make a profit. GM and Chrysler are now and forever "The Union Peoples Company".. never again to be a profit center, but a non-profit cafeteria.
This is unprecedented. GM doesnt even qualify as an investment of any kind any more. The airlines file for bankruptcy, restructed and re-risen and have endured. Why not let GM have that same chance?
When did GM bonds become junk status?
by Answerbag Staff on July 10th, 2010
| 1 person likes this
General Motors CEO wants additional $1 per gallon tax on gas to push consumers towards fuel-efficient cars. Good idea?
by SalientAlien on June 7th, 2011
| 3 people like this
How many people does GM employ?
by Answerbag Staff on June 27th, 2010
| 1 person likes this
What did gm pay in taxes for 2007?
by Answerbag Staff on June 14th, 2010
| 1 person likes this
how much did gm make over the last 11 years estimate
by Gohith_S on June 11th, 2011
| 1 person likes this
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