http://money.cnn.com/2008/06/19/news/companies/taylor_gm.fortune/index.htm
We also have news of a GE earnings miss, suspension of stock buyback and being placed on the DO NOT DISTURB no short list...a DUBIOUS distinction for what is seen as one of America's strongest companies.
Whereas the BAILOUT plan is like a snowball rolling downhill into a fire, problems go FAR BEYOND those being talked about.....around corner comes credit cards and car loans.
One plan (not going to see light of day) would have stock and bond holders take the dive BEFORE A DIME OF TAX PAYER dollar's gets involved, severing the GOOD BANK from the BAD ONE.
Markets have paused as they await final answer.
D
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