Re: [RT] Disturbing headlines . . .

[Ben <profitok@xxxxxxxxxxxxx>]

what institutions are betting on is that  the same way American and ual and others put their pension Burdon on the shoulders of the pgic

(pension guarantee  insurance corp.) i.e. us government

then it COULD be a viable corp.

also

look at chart

it looks like 34 is in the cards

then short

----- Original Message -----

From: EAdamy

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, May 23, 2005 11:21 AM

Subject: Re: [RT] Disturbing headlines . . .

When you boil GM down, the auto business is a loser and finance is a winner. Selling off finance to support auto would only compound a losing strategy. What they must do is cut the nut in the auto unit until it's viable which means a huge haircut on labor costs including health and pensions. The practical way to preserve shareholder value would be to spin off finance and take auto into a packaged bankruptcy ala United. One way or another, this is inevitable should the US economy cool into a recession. By the same token, taxpayers are going to be hit with huge costs in PBGC.

 

Earl

----- Original Message -----

From: Mano Appapillai

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, May 23, 2005 8:50 AM

Subject: [RT] Disturbing headlines . . .

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