Is General Motors bankruptcy entirely their fault, or do the financial wizards of Wall Street who made all those bad home loans have any responsibility for the lack of new car buyers? Check this NY Times story.

That snippet is true of more than 90% of the stocks in America and the world. The stock fall beginning 2007 for GM parallels that of Pulte Homes, Home Depot, Ford, General Electric, Safeway etc. supporting the view that all are victims of the greed of AIG and Lehman Brothers etc. GM did not have the cash resources to outlast the recession as will others in the near future.
Not that simple, please try again.

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by vinc3nt on June 1st, 2009

That is true of the Wall Street Bankers and AIG but not GM. Mark my words, if GM is forced to produce cars that Obama and congress says are right for this country it will be in bankruptcy again unless bailed out again. Thanks

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by vinc3nt on June 11th, 2009

First of all credit itself has caused the problem. My grandfather used to say save your money then buy it. But people today want it now. The commercial industry knows that, and the auto makers have for the most part have upped the prices lowered the quality knowing that they would still sell cars, make a huge amount of money, riping the people off. Think about it, you can not pay off your car before the warrantee has expired. Why do you think that other country's are doing so well in the U.S. now? Because, they are not selling junk! The american car companys did it to themselves greed and credit mismanaged is the cause.

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by Larry on June 16th, 2009

I must agree that easy credit was way too easy and marketing was substituted for quality. It's the American way. Still GM has been an innovator in so many areas and were working toward a very good solution to hybrid cars in the new Chevrolet Volt. It is an electric car with a gas generator. It can also use a fuel cell to charge the battery pack. http://www.popularmechanics.com/automotive/new_cars/4209783.html

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by vinc3nt on June 16th, 2009