Friday, May 8, 2009

More government handouts - GMAC - 3:40 PM

Haven't seen this cross the wire, but Reuters is reporting Geithner said GMAC (the financial arm of the soon to be bankrupt GM)will get more money. Maybe we knew this, I can't keep track of all the money they are handing out. Link to Reuters here **** Update 3:56 PM GM - the company that is going bankrupt - who spoke this week of diluting their share price 100-1 is still trading at $1.60. UP for the day. Incredible. Why would you not sell that stock if some morning you wake up and it's 18 cents?

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