tradersboredom
Guest
GM is right now technically under chapter 11 or chapter 7 whatever and the equity has no value like stocks trading in teh pinksheets.
all this dilutino etc and
all this dilutino etc and
Quote from talknet:
USA senate has rejected the Bail-out twice. Once for Giant banks and Mortgage companies and the second time for car-makers. This means USA senate in not happy about giving $2.5 trillion to "sinking and worthless giant companies without any business brains"
But the Bush government, in fact any USA government in power (Obama has $1 trillion plan) use their "executive powers" for granting Bail-out money.
Ordinary USA citizens/Tax payers watch helplessly their money being given to "worthless giant companies"
USA has divided opinions and that's dangerous for USA.