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If You Don't Believe....

Hotscoots

Elio Addict
Joined
Sep 19, 2014
Messages
530
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1,317
Location
Long Island
I haven't researched how it impacted individual GM stockholders, but I'm thinking overall it was better for our national economy and way better for the small town main street economy that was/is supported by auto industry dealerships. My City was very worried about both GM and Chrysler Dealerships closing and it would have been devastating.

I do know 2 things about investing in the stock market: 1. It's a gamble, no guarantees on your investments except for the stock broker profits. 2. Buy low sell high.

My Mother-In law "had" her entire retirement savings in GM bonds . Lost her blouse as this administration promised to save GM on the backs of share holders and tax payers. GM went bankrupt shortly after the bailout and restructure anyway . What did they save ?
 
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