Friday, February 20, 2009
General Motors Stock Hits 70 Year Low
Whats going to happen to all the Bailout money that General Motors has already received when they have to inevitably file for Bankruptcy?
GM Shares hit 70 year low of $1.57 a share a price not seen since 1938
On Tuesday, GM said they need another $30 Billion Dollars from the taxpayers to avoid Bankruptcy.
Yesterday I wrote
Auto Bailouts---How Deep Is The Hole?
Ms. Cristy Li