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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (564355)5/3/2010 2:19:16 PM
From: i-node  Read Replies (1) of 1577114
 

No, what I was saying is that most companies that filed BK last year would still be in BK. However, thanks to the prowess and finesse of our president, GM is out of BK and on the road to recovery.


Well, it does help when the President can wave his hands and tell the debt holders to go f*ck themselves.

>> Sales up 20% on models they intend to keep going forward is not impressive to you?

Look, I'm an accountant. Financial statements matter. Until I've seen financial statements that show signs of life, the rest of it is just hyped PR. Particularly in light of their bullshit about having paid off their government debts.

When that bogus repayment was announced you were here pumping it the same way you are today. At the time I pointed out that based on their financial statements they had lost 4 billion after coming out of Ch.11. AFAIK, there have been no newer financials released.

Maybe GM is doing great. I will not be able to determine that until I see the financial statements.
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