Fred W

GM Bankruptcy: Time for New-Era Auto Opportunities

I hope you were joking about appointing Nader and Moore to run GM. Moore is too busy stuffing his face with food and Nader has been wrong sooooo many times that being "right" about GM means nothing--Nader was about 25 year premature on his prediction, so its predictive "value" is questionable at best.
Eventually (100+ years) all companies will either be bought or fail--similar to predicting the weather a few years out...rain, sun, cloudy, snow--pretty good shot at being "right" sometime in the future.

On Jun 02 10:47 AM Mad Hedge Fund Trader wrote:

> the storm clouds are finally lifting. General Motors (seekingalpha.com/symbo...)
> is finally gone. Don’t look at the share price, which now trades
> in pennies, down from $90. Look at the labor force, which has shrunk
> from 360,000 to 39,000 on its way to 18,000. I sat at Ralph Nader’s
> knee (because there were no chairs) 40 years ago, who wore his unfashionable
> trademark white shirt and pencil thin tie, fresh from the runaway
> success of his anti GM crusading book Unsafe at Any Speed, listening
> to him predict the demise of GM. Companies that recklessly kill off
> their customers and produce inferior products at high prices can’t
> last, he said. Fuel efficiency and the environment came later. Many
> people considered him a communist then, for bashing GM was considered
> unpatriotic then. No doubt J. Edgar Hoover’s FBI was following his
> every move. I think that Obama should now make Nader a director of
> GM, along with that other GM hater, Michael Moore.