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To: UnBelievable who wrote (248119)7/2/2003 9:35:09 AM
From: Knighty Tin  Respond to of 436258
 
You guys who have to tottter before you teeter. <G>



To: UnBelievable who wrote (248119)7/2/2003 12:03:58 PM
From: Perspective  Read Replies (1) | Respond to 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