Commercial paper market has experienced some extreme short pain since Lehman Brother's collapse. Did the GM experience problem in commercial paper market? The answer is definitive. Nevertheless, GM had the problem not just in CP market but every angle of its operation. And it had been in the trouble not just last tree months but almost the last three years.
Some say, company in magnitude of GM shall never fall, they maybe right!? Because neither American politician nor individual would willing to see that in reality. And they can't afford to allowing that too. Current Bush administration will certainly leave this problem to President Obama in excuse of "free market belief". So GM leader probably already got the plan to hold on for the rescue from next U.S government.
It is not my personal interest to guessing the "holding on" plan. However, just wanna waken some ridiculous outsider rescue fantasy---no need to worry about them(GM and two others)! When next US government got a firm grip on GM's reconstruction, we will see a guaranteed 6 months glory in US stock market
我的新浪博客:http://blog.sina.com.cn/winwise#
Sunday, November 9, 2008
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