Is General Motors about to crash?
by 
keithold thanks all baggers
ANSWERS: 8
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We have been watching a slow motion crash unfold for some time now.
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Just about as sure as North Korea is spoiling for a fight.
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Yes, looks like it - please see this link: http://business.theage.com.au/business/general-motors-bankruptcy-now-appears-assured-20090528-bp0z.html A shame! As a child, I was always told by my late dad, who taught me about stocks/the stock market (for better or worse, ha ha), that "Generoo Motoos" (as I called it when I was about three years old!) was one of the best companies to own. I'll never forget that, back in the late 1950's, and I think of how my dad would be deeply saddened if he knew/heard about this - but, alas, it's another "sign of the times."
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like turning right in the indy 500!
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SELL YOUR G.M. STOCKS NOW! Better to be at a loss rather than to be stuck with worthless shares after the bankruptcy.
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Maybe, I live close to a General Motors plant In Arlington,Tx and I have heard that that more than 2000 employees have been layed off.
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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?
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No.The industry is going through an uphevael so we have to give everyone a chance to survive.If GM collapses it would mean a lot of problems to everyone.In Europe,They have asked for another 475 million so as not to shut Opel, otherwise they will have to sell and there are only two buyers! So any which way someone has to fund them!Though the Indian economy is very steady, the Indians will not buy for sometime till governments abroad think that they are friendly buyers!
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