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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (171122)12/13/2008 5:38:06 PM
From: posthumousoneRespond to of 306849
 
<<"It's a new process. No one has done accounting like this before," said Posawatz. "We would like to have 80 percent of the people believing this has stabilized GM, especially among our suppliers and lenders."
.>>>
what the f does this mean?????????

Can my tax dollars now not go to GM?

Can i add a few zeors to the end of my net worth and say i am a billionaire?



To: Elroy Jetson who wrote (171122)12/14/2008 4:31:54 PM
From: tejekRead Replies (1) | Respond to of 306849
 
General Motors said it has reached a preliminary agreement with FASB, the Financial Accounting Standards Board, that clears the way for the General Motors to be certified as the first debt-free auto maker.

Even though General Motors is near bankruptcy, GM will still be able to claim it's debt-free by reclassifying it's current outstanding debt as "near-equity".

Huh? I don't understand.


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