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Rumor has it: GM Files for Bankruptcy

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Old 04-08-2009, 04:12 PM
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The sooner, the better!
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Old 04-08-2009, 04:24 PM
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Chevy will be around longer then us.

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Old 04-08-2009, 04:27 PM
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Yeah, it'll be the same as KMart. I mean, they're still around! You can go shopping there. Just because a company goes bankrupt doesn't mean they close.
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Old 04-08-2009, 04:28 PM
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Rumor now is that GM pulled the BK filing at the last minute due to insufficient planning on their part but apparently it is still going to happen as soon as they revise the filing paperwork.

If there was a filing today, it would have happened and been announced right after the market closed and we're well beyond that now.
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Old 04-08-2009, 04:29 PM
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I did take my whole $3.00 in my 2 GM shares and cashed them out.... I mean, $3 is better than nothing, which I would get in bankruptcy.... Maybe it can buy me a cheap lunch....
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Old 04-08-2009, 04:30 PM
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Originally Posted by Z-Man
Chevy will be around longer then us.

Z
Yep, they're one division you can pretty well guarantee will be a survivor in the new GM.
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Old 04-08-2009, 05:08 PM
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Look at it this way. If they file for bankruptcy, they have professional money people taking the reins. If they keep on the way they are with gov't handouts, the gov't is calling the shots. When has the government EVER managed ANYTHING well! Who would you rather rely on?
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Old 04-08-2009, 07:16 PM
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OH come on! I'm from the government, I have come to help you.
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Old 04-08-2009, 08:05 PM
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maybe i should look into canceling my gm warranty

i still have 40 days to do so.

cdn govt. said they will only cover gm warranties purchased after apr 07 09
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Old 04-08-2009, 08:15 PM
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Originally Posted by mrkil
maybe i should look into canceling my gm warranty

i still have 40 days to do so.

cdn govt. said they will only cover gm warranties purchased after apr 07 09

just curious what is the time frame to cancel?
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