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General Motors Corporation |
This company is DONE. Completely. Even if they didn't have a totally
crap product line, the credit market in the future will never support
the 'new car every two years' mentality that has created this monster.
They lost $56bn last year so the $25bn bailout should see them through
a month or two. But I guarantee you, this company is dead.
http://subprimeshowtime.com/2008/10/06/time-to-worry-about-your-401k/
> Wait for the earning release to see this one toasted.
> I bought some puts.