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To: MythMan who wrote (270517)	12/12/2003 12:10:03 PM
From: sammaster	Read Replies (1) \| Respond to of 436258

i think they got a $10 billion loan to pay off its pension shortfall.... now with debt money they are fully funded and can start adding stock market gains to their earnings again... same debt..different place in 10Q... financial engineering at its best..and i thought they just engineered cars...

To: MythMan who wrote (270517)	12/12/2003 1:29:32 PM
From: mishedlo	Respond to of 436258

>>DETROIT, Dec 12 (Reuters) - General Motors Corp. (NYSE:GM - News) said on Friday it expects to almost close this year the $19.3 billion gap it had in its U.S. pension plans, which has been the largest deficit facing any U.S. corporation and a burden on the automaker's earnings and debt ratings. Hmmm let's see by taking out another $20B in long term debt? Have you seen its LT debt explode up recently? In the meantime it is undoubtedly bullish (as of course is everything else) M