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You know that the government is going to get a loan program in place for GM and Ford, just like the airline industries after 9/11. They are not going to allow them to go completely under due to the huge job losses that would happen, plus the loss in retiree benefits.
I just bought a couple thousand shares of GM stock @ $4.05 this morning. The news about the company is bad now, but once a loan program is announced, the stock is going to go back up, at least temporarily....
I'll use the profit for Camaro mods!
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