GM Stock. I’m not Impressed
November 18, 2010
Not too impressed with this whole GM thing.
Let’s see, have the government pay all my bills from screaming creditors, then under the cover of night, wipe away all my other bills. Then allow me to walk away from all the previous bad decisions I have made over the last say 50 years, and keep all the good stuff I somehow by miracle obtained. Oh yea, go through all the contracts and promises I have made to my Bond holders and others and tell them Psych!, No Soup for you! And let’s not forget those pesky labor unions, Uncle Sam is going to have a talk to them as well, Not sure exactly what was said behind closed doors at the Union Hall over a couple of Kegs and Brats, but so far so good. And oh yes, one more thing, float me a loan for billions with a repayment schedule of basically “whenever, if ever”. Give me these terms and I think even I could make money in the Homebuilding business in SE Michigan, and I promise I won’t go around like a complete arss saying Look, look at me, I must be a genius. You have to invest in Me.
Don’t get me started.
