I wonder if a book will take bets on GM going under and other prop bets?Ford?Bleak!

[BrentCrude]

Rage Wizzard,you are a financial guy that's in the car industry,maybe you would be able to set the odds on GM and Ford and what will happen to them.GM just reported losses of 15 billion last quarter.There is no way in hell that the outlook is good for them.

Does anyone own or are considering buying a GM product?I wouldn't.A prop bet might be which foreign company will buy them and take the company aprt bit by bit.

The most fun and durable car I ever owned was a Cavalier in the early 90's so I am not against GM but think they are a dead man walking.I also owned an Old's Cutlass.It got rusty fast but would start in 60 below windchill being left outside all night.

[fiveteamer]

Wasn't Frank Stronach interested in buying GM?

[Willie Bee]

The 435 corrupt pieces of sh¡t in Congress will never allow either to go under.

[dmynn]

I can see them declaring bankruptcy if the Volt or other new products don't do well in the coming years. They've got so much debt, pension obligations, and not much room for error. If they can't improve cash flow they're in real trouble because they can't tap the capital markets for more cash in the form of debt or equity.

I think it makes great sense for them to restructure under bankruptcy and get rid of all that debt hanging over them. Also, I don't think there would be any buyers like Daimler buying Chrysler because of said problems. That said, I wouldn't short the stock just yet.

As for gov't bailing them out I can see that happening in the form of loans or buying a stake just so all those jobs and pensions don't go under.

[lys3rg0]

How many trainwrecks can they sweep under the carpet before the dollar loses credibility on the international market? Bear Stearns was enough, the next big one that goes down is going to crash through the floor.You can't inflate your way out of debt.