Holy Crap!!!

[_JOE_]

GM stock UP 17.2%?! Congratulations. They say they have been successful in cutting costs and won't need more bailout money. Hopefully they finally got someone with a brain running the place.

 

[Patman]

Sort of funny how when faced with eating a really big poop sandwich or a day old cheese sandwich they choose the cheese sandwich but, up until this point they were happy playing Whimpy and eating their hamburger today. If they can turn it around great, if they can't oh well it won't be the first business to fail nor the last.

 

[whenfoxforks-ruled]

Too bad Michigan is leading the nation for the highest unemployment rate. But, great for wallstreet?

 

[kawraper]

Im from michigan and I work for gmc truck as a product specialist on the auto show circut. Talk about eating a **** sandwich.

 

[whenfoxforks-ruled]

Im from michigan and I work for gmc truck as a product specialist on the auto show circut. Talk about eating a **** sandwich.

I used to work in the exhibit business. Some really big money and cool stuff! I sure have wondered how its been going? Didn't figure it was real good? Stevens exhibits had the Mercedes account.

 

[RM_guy]

Wasn't GM stock down to $1.37 or something? 17% is a drop in the bucket and it's got one hell of a way to go.

 

[gwcrim]

GM STOCK IS UP NEARLY 100%!!!

Low was $1.27 on 3/6. Looks to open around $2.40 today.

HAPPY DAYS R HERE AGAIN!!!!

Of course if you're one of the unlucky schmucks that bought in April of 2000 at $90........ :uh: :uh: :uh:

 

[kawraper]

Gm also said they wont need the 2billion in government loans to get through the month of march. Good news for my home field!

 

[XRpredator]

I knew if I bought a new rig GM would bounce right back.

Best part for me: After all the haggling and rebates and whatnot, I paid *less* for the 09 than I did my 04!

 

[Ol'89r]

HAPPY DAYS R HERE AGAIN!!!!
:

I wouldn't hold my breath.

The stock market started up when AIG announced a profit. Of course, if the government gave me billions of dollars of the taxpayers money, I could show a profit too. :coocoo:

It's all still smoke and mirrors.

Did any of you watch the John Stewart show last night? He ripped Jim Cramer a new one. :moon:

John Stewart is my new hero. :cool:

 

[biglou]

Terry-Here is what led up to that interview: http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html

It's worth every minute of it. :cool:

 

[Ol'89r]

Terry-Here is what led up to that interview:

It's worth every minute of it. :cool:

I watched that a couple of days ago Louis. Laughed my ass off. :rotfl:

Seems like John Stewart and Rush Limbaugh are the only ones in all of media that are speaking up for the people. Like them or not, at least they have some balls and integrity and are willing to speak their mind.

Now, they need to start going after our regulators. The people that allowed this mess to happen. Whoever stood by and watched Maddof steal the livelihood and future of thousands of investors and turned their heads, need to be arrested and made an example of. The regulators of the FED should be the first with their heads on the chopping block. :yell:

All the evidence is there and mounting every day.

Just my humble opinion. ;)

 

[whenfoxforks-ruled]

The blue collar working class, we break the law and go to jail. White collar crimes can effect millions of people, that blue collar crime effects 1 or 2 people. Their responsibilities are greater, and so should the punishment. Send them to China, in a junk!

 

[2-Strokes 4-ever]

Do I smell a rat?
Wasn't GM saying just days before they may be facing bankrupcy?
Perhaps an "announcement ploy" to get people to buy stock...?
Hmmmm

 

[_JOE_]

Do I smell a rat?
Wasn't GM saying just days before they may be facing bankrupcy?
Perhaps an "announcement ploy" to get people to buy stock...?
Hmmmm

:rotfl: You'de have to be silly to buy GM stock right now.

Very possibly just a desperate grab for money, from people naive enough to believe it'll be peaches and cream from here on out.

 

[Ol'89r]

Many of these companys now want to give the bail-out money back to the government. Too many restrictions on their businesses. Wells Fargo and several other banks are trying to give the money back. Said they didn't need it in the first place. The CEO of Wells Fargo said they were forced by the Obama administration to take the money in the first place. He said they were all put in a room and were not allowed to leave until they signed up for the bail-out plan.

Now, the government, who can't even control their own finances are telling them how to run their businesses. This is some scary stuff folks. Sounds more like a dictatorship than anything else. Don't do as we do, do as we say. :coocoo:

IMO, if Chrysler would have been allowed to go bankrupt many years ago when Lee Iococa was in charge instead of being given bail-out money, they would have filed for bankruptcy, reorganized and came back as a leaner, meaner company. Ford and GM would have seen Chrysler go bankrupt and say, damn! we had better change our ways of doing business or we could go bankrupt too. But instead the government gave Chrysler bail-out money and set a precedent for the other mfg's to follow. Chrysler continued to make K cars and other crap that nobody wanted because the government enabled them to. Now these companys and others like them know they can mis-manage their companys and steal from their investors and the government will simply throw more money at them. OUR MONEY. :bang:

I smell a whole bunch of rats. And they're all wearing suits.:|