themintman

GM Common Stock Is Worth More than You Think

Gerry, what you talk about is COMMON SENSE SOLUTIONS that work in a free market economy with the rule of law. What you may completely misunderstand is here there is a government coup going on. Instead of just buying the stock, or even the $27 billion of bonds, Obama is giving $50 billion more of taxpayer money to the UAW and some shadow banks. Right now, Obama is hoping the courts will just let him ram it through. Just a good speech and a wink and the company is not Microsoft's or anyone else's. It's his. Bought with our money. It's kinda like Venezuela.

GM Common Stock Is Worth More than You Think

Bonds are trading at 7 cents on the dollar. So many delusional people out there think that bonds can just be wiped out and the stock will have value. Try buying the bonds for 7 cents, then you will understand why this GM coup is not going to happen as planned.