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 here Auto Bailouts---How Deep Is The Hole?