Direction of the Country

[elSicomoro]

Since I'll own some GM stock here in a couple of days, ya think I can just quit paying on my car and call it even?

[TheMercenary]

Originally Posted by sycamore

Since I'll own some GM stock here in a couple of days, ya think I can just quit paying on my car and call it even?

I'd be more worried about getting parts for it if it breaks down in the near future.

[Griff]

I generally support Obama but all this bailout debt threatens the Federal programs that actually provide some benefit. I still think the country is much better lead than it was, but that is with the understanding that the two major parties are quite simply criminal organizations.

The parts issue is interesting. I assume GM has to license the production of some parts?

[tw]

Originally Posted by TheMercenary

I'd be more worried about getting parts for it if it breaks down in the near future.

Most replaceable parts are also manufactured or remanufactured by third parties.

GM executives were selling their holdings when the stock was about $1.30. Stock is now $0.75 per share. What fool was buying GM stock? Rumors now suggest that GM stockholders will not be wiped out by a bankruptcy.

GM will exist. But the financials are finally reflecting GMs true value and profits from its products in the past 20 years. Money games are how finances are subverted to make true value. But economics eventually takes revenge. Massive reduction and selling of its more productive assets (Opel, GM locomotives, etc) is essential. None of this will affect the availability of parts.