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February 9, 2010
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The “Hurry up” Bailout Crash
5 Feb2009
Dec 20, 2008
“By March 31, 2009, the companies must prove their financial viability — meaning they are able to repay the bailout loans and have achieved a net positive value — or the government funds will be returned to the Treasury.” (more…)
February 3, 2009
From GM
“DETROIT – Driven by an 80 percent reduction in fleet sales, General Motors dealers in the United States delivered 129,227 vehicles in January, down 49 percent compared with a year ago.” (more…)
Follow the stock from December ‘08 to end of January. IT WENT DOWN (as of 2/4/09 – $2.72)!!!
Now ’spain to me how are they going to pay their bailout money back?
- In: Economy
- Tags: Autos, Bailout, General Motors
2 Responses to The “Hurry up” Bailout Crash
Richard Froggatt
February 5th, 2009 at 9:08 am
“Now ’spain to me how are they going to pay their bailout money back?”
Maybe the Gov will bailout the bailout. Or, maybe 50 Cent will be able to loan them the money with the profits he receives from his new beauty and skin care products. http://globalgrind.com/content/383766/50-Cent-creates-line-of-beauty-and-skin-products/
Ori Pomerantz
February 5th, 2009 at 9:09 am
Now ’spain to me how are they going to pay their bailout money back?
If the government were to create enough money, out of petty cash. There is no limit to the amount of money the government can “create” to stimulate the economy – I’d bet on significant inflation.