Quote:
Originally Posted by Porsche-O-Phile
They'll be sucking on the TARP taxpayer teat in no time. I'm buying some GM stock Friday.
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Don't do that.
The
debt holders and management/employees are the only ones being bailed out at GM.
The common shareholders will get nothing.
After the government handouts don't save the company, GM will go into Chapter 11; the common will be wiped out.
Trade the stock if you want, but understand that you are playing "the greater fool" game. If you don't find a "greater fool" to buy your stock at a higher price, you will lose money.