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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (394574)	6/27/2008 2:49:36 PM
From: tejek	Respond to of 1576318

A New Reality for GM, and Its Shareholders By Jim Cramer RealMoney.com Columnist 6/27/2008 12:18 PM EDT Is my analysis of GM extreme? Yes. Do I want GM to file bankruptcy? No. Is it the most rational thing for them to do? Yes. The problems with GM are so myriad that it is difficult for the company to solve things without some sort of wholesale breakage with the past. I believe that GM has made remarkable strides to bring down costs per car and truck, but the problem now is that it has the wrong cars and trucks because of gasoline's rising costs. Until that happened and the unions held them up, I thought that GM was making the turn. Now the issue is not the prospects for the common shares, it is the prospects for the company; and the company should not be compromised by the common. It is possible that the common can be diluted down to some single-digit number, but why the heck should it even exist? Why don't the bondholders get the company? There's not just the cars and trucks. We have no transparency when it comes to GMAC, which I regarded as perhaps among the worst lender when it came to residential mortgages. How do I know that? Did you ever see GMAC's ads? They were more aggressive than even Countrywide (CFC - commentary - Cramer's Take), although less aggressive than New Century (NCBC - commentary - Cramer's Take), Ameriquest, Fremont and Novastar -- the ones that may have been scammed left and right. GMAC, like Chrysler, is a black box because Cerebrus doesn't have to tell us jack. This is why they can always tell us that they are in great shape. I look at GM like I look at the American steel industry. No one ever thought, for example, that Bethlehem Steel would ever have to reorganize. That was the richest company in America by the way it paid its executives in the 1960s. In the 1990s it had some big years. It was a gigantic company and the biggest maker of all sorts of steel. read more........ thestreet.com

To: Brumar89 who wrote (394574)	6/27/2008 3:34:47 PM
From: tejek	Read Replies (1) \| Respond to of 1576318

Bush stole the election ... True although stole is a strong word. The truth was he wasn't willing to let the system come up with a solution that satisfied both sides. His people kept screaming the country would be without a president when in fact, it had a president in place. Bush shredded the constitution ... Shredded too is a strong word but he definitely played with it, trying to get around where he thought it presented obstacles for his agenda. He definitely did not see the Constitution as a document that needed to be defended. The SC RESTORED habeau corpus for detained foreign terrorists .. No lie there. Bush lied ... That's right....... Its a war to steal their oil ... Steal is a strong word but he definitely wanted to get his fingers into their oil. The dreaded Afghan winter .... Huh? Are you not feeling well? Attacking the Taliban during Ramadan will turn the Muslim world against us ... You don't think the Muslim is in favor of the US, do you? The Republicans want to take away old folks Social Security ... Who knows what you all are up to........