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Rumor has it: GM Files for Bankruptcy

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Old 04-08-2009, 02:08 PM
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Rumor has it: GM Files for Bankruptcy
Rumor just in from a highly placed GM insider is that GM just filed for BK on 90% of the corporation. Awaiting confirmation.
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Old 04-08-2009, 02:14 PM
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oh no not good
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Old 04-08-2009, 02:29 PM
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That sucks !!
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Old 04-08-2009, 02:38 PM
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Probably best. If true it might give them a fighting chance. Time to reorganize, drop the dead weight, and rework union contracts.
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Old 04-08-2009, 03:22 PM
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Hmmm...interesting to hear if this ends up being true!

(Not that I doubt you...we all knew this would happen eventually....)
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Old 04-08-2009, 03:27 PM
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waiting for confirmation on this. It'll probably happen sooner or later, but I was expecting it to happen closer to the government's deadline.
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Old 04-08-2009, 03:31 PM
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sad indeed but maybe for the better
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Old 04-08-2009, 03:39 PM
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Hmmm...I was getting ready to make the trade out of the GTI into an HHR SS...perhaps I'll wait a bit longer.
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Old 04-08-2009, 04:01 PM
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I see on cnn.com it says "GM Prepares for Bankrupcy"....
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Old 04-08-2009, 04:08 PM
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I'm starting to doubt the veracity of this report...for now. Big news is usually announced within an hour of the market closing as we're a bit beyond that now.
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