On Tue, 02 Jun 2009 08:17:28 -0400, Wizard of Woodstock
wrote:

On Mon, 1 Jun 2009 21:56:37 -0600, "Canuck57" wrote:


"Eisboch" wrote in message
om...

Looks like later today "we" will own 60% of General Motors.
What a country, huh?

Only cost us about $56 billion for a company that has been insolvent since
1980.

Eisboch

Could have bought them for $150M this morning at 27 cents a share.

Or could have picked them up for a few billion in chapter 11....or cheaper
in chapter 7.

But big noisy statism...line the buddies pockets.

Makes me wonder though. Why did it pop up to 80 cents or so? After a 100:1
or more dilution in this plan, it isn't worth 27 cents. Do people holding
GM shares not now know they are valued at about the same as a roll of toilet
paper? LOL, buy 100 shares so you can wipe your arse.

You guys really want to get depressed by Government Motors?

http://www.nytimes.com/2009/06/01/bu...er=rss&emc=rss

Unbelievable.

Why? Who can do worse than Waggoner?
Ken Lay maybe, but he's dead.
Bernie Madoff maybe, but he's in jail.
The good ole boys ain't doing too good lately.

--Vic