Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: MythMan who wrote (347684)	11/7/2007 4:24:12 AM
From: Real Man	Read Replies (3) of 436258

GM's new book value per share is now -75. Yes, that's a minus sign. This little writedown subtracts 69 per share from GM's current book value per share, -6. Yes, that's also a minus sign. Are they gone now? What about 300 billion in derivatives tied to GM debt? That mattered back in the Spring 2006. Will it matter now? I think GM stock might get seriously Enronned today. That on top of the currency crisis we are in now. Hmmm... We may need to rethink the BK. It appears the RealMan is here.

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