Unbelievable this stock is trading this high. Do these equity holders actualy think the gov is going to save them? Bond holders? Yes, maybe they will get saved but jesus, the equity holders?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=130349&perpage=6&pagenumber=18 http://www.elitetrader.com/vb/showthread.php?s=&threadid=130349&perpage=6&pagenumber=19
I recall the infamous headline in Barron's imploring its readers to "stock up" on GM because it was way oversold. That was just before the final dive to oblivion of course.