Actually GM would've been a good investment at $1 a share last week, it doubled but is now trading at $1.46.. would've been a big risk but one that doubled your investment. If the bailout comes in the form of more federal funding as proposed it could have a big payoff.

My advice; if you have expendable money that you don't mind losing you could see a 400% return on investment.. possibly more of GM turns things around. But should they go bankrupt you will lose it all.