GM's turn in the barrel

kerrlakeroo wrote:
It will get interesting, the Government went out of its way a few years ago to declare preferred stockholders shares worthless ...

Very few people understand exactly what happened and the impact that had on the investing community ! It was certainly a "dark day" !

Some people are right back in there saying, "they can't declare bankruptcy again very soon !"


The courts have ruled that GN can not dodge the ignition switch problem lawsuits by saying, "that was the old GM !" I read a detailed report on that whole mess. Total large corporation mass confusion, with everyone blame someone else or just ignoring the data staring them in the face.