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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: UnBelievable who wrote (248119)7/2/2003 12:03:58 PM
From: Perspective  Read Replies (1) of 436258
 
WOW! Anybody see what's been happening to GM's balance sheet?

cbs.marketwatch.com

Evidently they've changed the classification of their debt, but looking at the sum of "notes payable" and "other long-term liabilities", it appears that they were strolling along merrily issuing less than $20B in debt annually to finance their sales. All of a sudden their debt has started growing at double that clip:

biz.yahoo.com

Got Vendor Finance Bubble, The Sequel?

BC
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