GM To Miss $1 Billion Debt Payment

Discussion in 'Wall St. News' started by Landis82, Apr 22, 2009.

  1. Just took the steam out of the broad market as the news hit. Comes from the CFO during an industry conference.

    I smell a debt for equity offering soon!
    :)
     
  2. Good, something has to take the steam out of euphoria.

    CNBC "Stocks not going down on bad news is a good sign"... "Yes, a really good sign."

    Dumb money is going to get destroyed!
     
  3. Just another head-fake dip.
    You should do yourself a favor and turn off the CNBC.

    Bulls buy into the dip and NEW HIGHS come!
    :)
     
  4. Can GM pay the debt with vehicles instead of cash along with a 10% "premium"? :confused:
     
  5. I'm surprised anyone is surprised by this.