Silverado "top truck"
Linky
Forum Discussion
Michael what you are failing to understand is * GM and Chrysler were fine *and would not have needed a "bailout" had the banks not told them "no we are not extending your lines of credit any longer, just to risky". The same backs the Bush gave trillions to and only got penny's on the dollar in some cases.
Why should the Government sell off their share at a loss? They will continue to receive interest on the loans and when the time comes that GM's stock hits $72 a share they will sell it. If they sell it sooner then that's not GM's fault is it?
I bought a ton of Ford stock between $1.12 and $1.80 and had to sit on it for years until it hit $13 dollars a share. It got to the point that I thought about lowering the sell point but figured I'm not retiring anytime soon so I left it there and made same nice change. Ended up losing most of the gain in 09 but that's the market.
* EDIT Both were as fine as any other company at that time. It was a good thing for Chrysler that GM's lines of credit came do at the same time! I bet if it was just Chrysler going to the Government they would have been turned away and Chrysler would have gone out of business.
Don
Why should the Government sell off their share at a loss? They will continue to receive interest on the loans and when the time comes that GM's stock hits $72 a share they will sell it. If they sell it sooner then that's not GM's fault is it?
I bought a ton of Ford stock between $1.12 and $1.80 and had to sit on it for years until it hit $13 dollars a share. It got to the point that I thought about lowering the sell point but figured I'm not retiring anytime soon so I left it there and made same nice change. Ended up losing most of the gain in 09 but that's the market.
* EDIT Both were as fine as any other company at that time. It was a good thing for Chrysler that GM's lines of credit came do at the same time! I bet if it was just Chrysler going to the Government they would have been turned away and Chrysler would have gone out of business.
Don
