Mon, Jan 26, 2015, 8:44 AM EST - U.S. Markets open in 46 mins.


% | $
Quotes you view appear here for quick access.

ProShares UltraShort Financials Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • danbrady danbrady Apr 27, 2009 1:11 PM Flag

    GM +23%...LMFAO...

    Don't forget the bond holders. They have to agree to eat it big (90% of them need to sign off on a new deal). Some of them are not idiots, and have likely hedged the potential for bankruptcy with CDS swaps.

    Put bluntly, one of the key parties that must agree to a haircut in order to keep GM out of bankruptcy likely has protection in place that would pay them substantially more should ch 11 occur. The gov (IMO) has been trying to ease the public around an inevitable bankruptcy, by acting like it is no big deal, and continuing to funnel taxpayer money to GM that will likely never be recovered.

    As for who the heck is buying, I can only think this is the gift of more taxpayer money, offering an opportunity for current shareholders to get *something* out if they're smart enough to sell on last gasp rallies.

52.81+0.89(+1.71%)Jan 23 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.