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Abu Dhabi Dumps Barclays: End to Bank Stock Rally?

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General Motors Corporation Q3 2008 Earnings Call Transcript

Chrysler is having trouble refinancing a big piece of its debt. Having it said, the financial problem will spread to General Motors and Ford. They and Chrysler asked for cash advance loans from the Government back in November, along with a request for open lines of credit from Ford. GM Stock has recently taken a huge tumble on the market, after President Obama asked CEO Rick Wagoner to step down from his post as the head of GM and all subsidiaries, which he promptly complied with. Some experts have advocated that both GM and Chrysler declare bankruptcy and merge, with both discarding all brands that aren't competitive. Regardless, it appears dark days are still ahead for General Motors.