Momo, do you remember when you decided you would not allow yourself the ability to short stocks? It just came back to bite you in the buttocks.
- NEWS ALERT
from The Wall Street JournalThursday, March 16, 2006
GENERAL MOTORS SAID its 2005 loss will be $2 billion steeper than originally reported, amid charges related to its restructuring, its exposure to Delphi’s bankruptcy and activities at GMAC.
Hope you get this in time to make billions,
P.S. – And in all seriousness, the most insightful comment I read about this was this, about whether the inevitable bankrupcy is funny:
“It really isn’t funny. What is funny is how the executives will just brush off the dust, take out a few million, and get hired somewhere else. It is this class of uber elite corporate aristocrats that is sinking america. It’s only funny because of the irony. “