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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (280432)	11/13/2008 4:50:53 PM
From: goldworldnet	Respond to of 794033

My dad is invested in GM and Ford both, but I'm not sure if it's stocks or bonds. * * *

To: LindyBill who wrote (280432)	11/13/2008 6:05:04 PM
From: Ish	Read Replies (1) \| Respond to of 794033

<<When I bought some GM bonds 8 years ago, I said to myself, "too big to fail." Looks like I was right.>> I bought those bonds 4 years ago just before the bad news. Now pretty much worthless but still paying 6%. OTOH I bought Chrysler bonds many years ago when they were in the tank. It was fun saying I loaned money to Lee Iacocca. I figured the govt would bail them as they were making the M1 tanks and they did. Iacocca came up with the mini van and paid the bonds off in 3 years. The return was 26% a year.