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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (267809)11/18/2003 3:58:07 PM
From: mishedlo  Read Replies (1) of 436258
 
I really believe it is.
It has $200B in debt on the sheets andd another $100B off sheet
It loses $ on every car it produces
It has an aging useless plant
It is only making money on financing and much of that is going to be bad debt as well cause anyone wioth good credit got 0% for 5 years

BTW how many walk away from those cars over payments in about 3 years

GM is toast IMO
It will go under not out of business just like UAL IMO

If you can state a case that will save GM let's hear it
$300B in debt is never going to be paid back

As soon as they are downgraded to junk it is all over

M
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