U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Investing
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-26-2009, 07:11 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,960,530 times
Reputation: 6381

Advertisements

GM fund dumps all of company’s shares - Autos- msnbc.com

You just can't make this sort of stuff up.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-26-2009, 08:18 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,964,853 times
Reputation: 870
He did the right thing by selling all the GM stock in the fund...only he should have done it MANY months ago. It just shows how probable it is that GM will need to file for bankruptcy protection. It's too bad that GM employees and retirees have lost so much money in the fund. And it's also too bad that taxpayers have thrown away billions of dollars on GM when [almost certainly] they will fail anyway. Our Washington idiots should never have given ANY company one dime of taxpayer money. They either make it on their own, or they don't. That's why there is a bankruptcy court and certain rules and requirements for restructuring. Our politicians should let the system work...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-26-2009, 08:35 PM
 
69,364 posts, read 60,462,810 times
Reputation: 9375
Wonder how many shares they owned and what type of downward pressure they put on the market by selling off that many shares.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-26-2009, 11:31 PM
 
48,507 posts, read 91,417,153 times
Reputation: 18218
I am not surp[rised as their duty is to do what is best for their fund.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Investing

All times are GMT -6. The time now is 06:35 PM.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top