Will GM acually go Bankrupt or is it a Long term buy?

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Quote from ByLoSellHi:

I believe a democratic administration, working with a democratically-controlled congress, would bail out the domestic auto industry.

Yes, because it was a democratic administration that bailed out Chrysler.

Does anyone on this site have an real perspective?

 

[ByLoSellHi]

Quote from HSC.1775:

Yes, because it was a democratic administration that bailed out Chrysler.

Does anyone on this site have an real perspective?

Reagan did bail out Chrysler (Reagan had more leadership in his pinky than the current administration put together). So what?

When the Big Three went to see Bush two years ago, he slammed the door in their face.

 

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Quote from ByLoSellHi:

Reagan did bail out Chrysler. So what?

So why is it that only a democratic administration would bail out GM and not Mcain also?

 

[ByLoSellHi]

Quote from HSC.1775:

So why is it that only a democratic administration would bail out GM and not Mcain also?

McCain has indicated he doesn't believe in such bailouts. Obama wants to provide a 4 billion assistance package to the big three, for starters.

http://www.autounleashed.com/barack-obama-endorses-4-billion-aid-for-gm-ford-and-chrysler

 

[spersky]

Quote from BeatingtheSP500:

The stock price is currently a call option with no expiry.

Actually, the expiration is when they file chapter 11.

 

[Tradingsize]

Quote from ByLoSellHi:



When the Big Three went to see Bush two years ago, he slammed the door in their face.

Yes, Bush is only concerned with helping out the companies that put fuel INTO the cars, not the ones that actually build them.

 

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Quote from Tradingsize:

Yes, Bush is only concerned with helping out the companies that put fuel INTO the cars, not the ones that actually build them.

Yes, yes. Thanks for your wonderful wisdom. That is certainly all he cares about.

 

[AMT4SWA]

Quote from spersky:

GM is in horrible shape. You would have to be crazy to buy it. That is just what makes me want to buy it at this price. I am young and if there is any chance that this company will survive then I would look like a genius if I bought as much GM stock as I could right now. It might take years to recover, but I have some time.

Afterall, the govenment will bail them out anyway.

Any ideas, comments, suggestions?

Thanks

GM like many of the airlines have been driven into the dirt by the great Globalist (wealth transfer) Games since 2000/2001. These companies have had to go through a dot com, housing/mortgage, and now oil/commodity bubble of ALLOWED over leveraging. I just keep getting the odd feeling that one of these mornings I will wake up to CNBC reporting of a GM (blown out discounted assets/shares) sale to a Chinese company.....LOL!!!

NOTHING surprises me anymore as the CORE infrastructure of the once strong American economy is dismantled piece by piece.....what will be next???

 

[Mercor]

Quote from ByLoSellHi:

I believe a democratic administration, working with a democratically-controlled congress, would bail out the domestic auto industry.
B]

The Dems are planning to mandate open voting to unionize for all business's.

They will help Detroit by getting union's into Honda / Toyota.

Wallmart is also a big target.

 

[AMT4SWA]

Quote from Mercor:

The Dems are planning to mandate open voting to unionize for all business's.

They will help Detroit by getting union's into Honda / Toyota.

Wallmart is also a big target.

....and this mentality is like chemtrail weather manipulating a few tornado's in an already formed hurricane.....