"Don't Buy From a Dead Domestic" Tipping Point Looms

Robert Farago
by Robert Farago
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4 of 6 comments
  • Usta Bee Usta Bee on Nov 10, 2008

    "We have no plans whatsoever other than continue to run the business.....into the ground". The stock just dropped 25% today on news that the Deutsches Bank set the value of GM stock at $0 this morning. Yes, you read that right ...ZERO !. That's a whole lotta not good.

  • John R John R on Nov 10, 2008

    @ferrarimanf355: You and me both. I keep thinking of the analogue. If this were to be happening to Toyota or Honda I imagine their BODs would have committed seppuku years ago. This is shameful and simply not acceptable. They need to hit the bricks.

  • Wolven Wolven on Nov 10, 2008

    Ah, the MSM doing their part to gin up the [s]idiots[/s] sheeple to clamor for a bailout.

  • Nick Nick on Nov 10, 2008

    AIG just got an extra $40 billion. Obviously, the American taxpayer is flush with cash, so maybe Detroit will get a cut of what appears to be a bottomless pool of bailout bucks. Usta Bee...geez, I thought you were joking at first. A TARGET PRICE OF ZERO?!!!