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To: reaper who wrote (227621)	3/12/2003 5:23:11 PM
From: patron_anejo_por_favor	Respond to of 436258

Sub-29, and that thing's a goner...based on the business of the company, it'll likely gap over it one day soon on news of losses for foreclosures, and never look back.<NG> Probably a GREAT candidate to buy LEAP poots on...(along w/FNM and MTG).

To: reaper who wrote (227621)	3/13/2003 11:54:31 AM
From: Perspective	Read Replies (3) \| Respond to of 436258

Fark - how can they get away with this? biz.yahoo.com Facing a large pension shortfall, rather than divert cash flow to the pension plan, they compose a brilliant idea - let's print share certificates! They're FREE!!!!!!!!!!!!! DOESN'T ANYBODY ON THIS PLANET BESIDES US HAVE A FARKING CLUE????????????????????????????????????? Oh well, I guess one slip of paper is as good as any other. Share certificates, greenbacks - they're both multiplying like crazy these days. GM Adds $1.24 Billion to Benefit Plans Thursday March 13, 10:42 am ET DETROIT (Reuters) - General Motors Corp. (NYSE:GM - News) said on Thursday it had contributed 149.2 million of its Hughes Electronics Corp. (NYSE:GMH - News) shares to its U.S. employee benefit plans, which are severely underfunded due to declining stock markets and soaring health-care costs. ADVERTISEMENT GM, which runs the largest private U.S. pension plan, said the $1.24-billion contribution cuts its retained economic interest in its wholly owned Hughes subsidiary to about 20 percent from 30.7 percent. The world's largest automaker said it contributed 108.2 million Hughes shares to its U.S. pension plans and 41 million shares to a trust established principally to provide health and life insurance benefits to hourly retirees. Plans to make the contributions were laid out in a company announcement on Feb. 28. GM's U.S. pension plan ended 2002 underfunded by $19.3 billion, due mainly to three consecutive years of stock market declines. The automaker's health care costs have also been rising dramatically, along with those of other leading U.S. companies, including cross-town rival Ford Motor Co. (NYSE:F - News). The Hughes share contribution will cut GM's pension expense this year by some $100 million to about $2.8 billion, said GM spokesman Jerry Dubrowski. The contribution of these newly issued shares increases the number of outstanding Hughes shares to about 1.1 billion, including about 330 million held by GM's employee benefit plans. GM shares were up 49 cents or 1.6 percent at $31.12 in early morning trade on the New York Stock Exchange (News - Websites). Hughes shares were up 2 cents at $9.66. GM is exploring several options to divest its Hughes stake, which would help raise additional funds for its pension and health care plans. Several companies, including News Corp. (Australia:NCP.AX - News), SBC Communications Corp. (NYSE:SBC - News) and Liberty Media Corp. (NYSE:L - News), are interested in acquiring all or parts of Hughes Electronics, the top U.S. satellite television company. BC