I don't care what you all say. After the initial bankruptcy procedings and they GM gets back to business again, I am going to buy 500 shares of GM stock at $.50 to $1.00 per share and in 4 or 5 years when it gets back up to $30 or $40 I will make at least $15,000 and buy an new bike and pay off some of my mortgage. I have already talked to my neighbor who is a stockbroker. He is going to let me know when the stock is for sale again. GM IS NOT DEAD. American autos are now equal with the rest of the world's cars as far as quality. I own a 08 Ford and I'm proud they did not take bailout money, but GM will come back. I missed it the first time in the 80's when Chrysler stock sold at $2 per share and then went back up to $50 or so when Lee Iaccoca (sp?) paid back the government loans and the K car and mini-vans brought them back from the brink of destruction. I am not missing this opportunity.
