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Published July 6th, 2009 10:34 PM IP
I just can't believe what I see happening to GM with our government pushing them through bankruptcy! Am I missing something here? What about the original stockholders? Wasn't GM stock the 'Gold Standard' just a couple of years ago? I can't imagine what this will do to all of those people that hold that worthless piece of paper now! Maybe I am wrong. I have never owned any GM stock. Maybe it's all considered unsecured bonds now? If that stock becomes totally worthless with no chance of ever reviving even over time, those stockholders will have to be devastated.
Take a look at this article from Market Watch and see if I am missing something!
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