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Home > General > The Cantina > How the mighty have fallen, Pt. 3

How the mighty have fallen, Pt. 3

 
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MFAWG
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How the mighty have fallen, Pt. 3
« on: July 02, 2008, 05:40:52 PM »
Bill Durant (who managed to drive his company into bankruptcy and then buy it back without any help from anybody) and Alfred Sloan weep:

http://news.yahoo.com/s/a...cJxifXjYtI8jrtGWBAwqL_bIF

Quote
NEW YORK - Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road.


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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
spacey
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Re: How the mighty have fallen, Pt. 3
« Reply #1 on: July 02, 2008, 05:43:32 PM »
Excellent. Aske's evil plan is finally beginning to come to fruition.
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birdymaker
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Re: How the mighty have fallen, Pt. 3
« Reply #2 on: July 03, 2008, 06:34:45 AM »
not as far as a certain analyst would have you believe.  Wink

http://articles.moneycent...702GMBankruptcyFears.aspx
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
gleek
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Re: How the mighty have fallen, Pt. 3
« Reply #3 on: July 03, 2008, 07:56:24 AM »
15% yield on GM's bonds.  Shocked

That's about as junky as you can get. You can make a killing if GM can stay solvent until maturity.
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
stroh
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Re: How the mighty have fallen, Pt. 3
« Reply #4 on: July 03, 2008, 08:37:45 AM »
Live by the Hummer;  Die by the Hummer.

At least you had Hummers.
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Aske
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Re: How the mighty have fallen, Pt. 3
« Reply #5 on: July 03, 2008, 10:33:48 AM »
LMAO
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
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