Wednesday, September 16, 2009
GM share price is down 99.25%. After the "Stimulus" package, GM's total debt has grown to 200x their Market Cap of $433M. Annual interest on their debt is about 10x the company's total value. About 3.2M jobs depend on GM products.
GM now trades under the stock liquidation symbol MTLQQ.
Meanwhile, the recession that never started is officially over. In a way it is true, there is nothing left.
Posted by fdralloveragain at 4:29 PM