Who can save GM?
Seeking Alpha Analyst Since 2008
GM's equity=91 - 177=(-86 billion)!!! at the end 2008. Some banks don't even have that much cash. As of 12/31/08
- WFC has 23 billion cash
- BAC has 42 billion cash
- JPM has 165 billion cash
- C has 199 billion cash
- GS has 122 billion cash
- MS has 137 billion cash
Many companies even don't have that much asset
- BA only has 53 billion asset
Is ther any risk to short GM?
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