Already is.
Damn..
GM Investors Brace For Big Losses
Tuesday, May 26, 2009
SUSIE GHARIB: The clock is ticking for General Motors. Whether or not the giant auto maker goes into bankruptcy could be decided in the next few days. A White House spokesperson said today that the process will likely continue right up until the June first deadline, because a lot of stakeholders are making sacrifices. Meanwhile, the United Auto Workers today detailed their deal with GM, a 17.5 percent stake of GM stock, $6.5 billion in preferred stock and a seat on the company's board. In exchange, the UAW has agreed to concessions on retiree health care obligations. That ownership stake is far less than GM's original offer of 39 percent. So analysts say this could open the way for GM to sweeten its offer to bondholders.
Well those bondholders have until midnight tonight to accept an offer to trade $27 billion of debt for equity in a new, reorganized General Motors. Sources say fewer than 10 percent have agreed to the terms, far less than the 90 percent demanded by the government. As Scott Gurvey explains, that may mean bond holders, shareholders and everyone else involved with GM will be headed to bankruptcy court.
(i don't think there's any turning back now.. GM is going bankrupt)
GM + Chrysler fails so hard not even Barack Obama can save them!
Yes I am really down here IRL and I am down here on the free! I tend to roll that way!![]()
How's everyone doing?
Back to being stock and slow
I forgot this thread even existed...
Back to being stock and slow
when did i get 16k posts?
Sleeeeeeeeeeeeeeeeeeeeeeeeepy time! Another day of basking in the sun awaits me! LO
Originally Posted by Motivation
Good dude, yourself? +Reps.
93x posts ago?Originally Posted by BTEC
Back to being stock and slow
last i remember i was still in the 14k's. wow!!
Why are you on IA when you are in PCB?Originally Posted by IMPORTchic
I'll be in PC in about two months.![]()
Back to being stock and slow
Good I guess. Tired of my job, ready to go back to school again and do something more with my life...Originally Posted by 03RCode
How's the racing going for ya, bro?
Back to being stock and slow
yeah, im going to bed too. i have to be at work in less than 6 hrs.
Sleeeeeeeeeeeeeeeeeeeeeeeeepy time! Another day of basking in the sun awaits me! LOL
Weak
Back to being stock and slow
Originally Posted by Motivation
Was going great till I didn't get my shocks till the day before I was supposed to leave for WI and when they got here my front right shock had the compression screw locked down. I couldn't race up there, but I'm still tied for 1st in points in my class so I'm not too pissed. However Sunday is round 3 for a different series I'm in 2nd in points in right now and it doesn't appear I'll have them back for it.
Repost.Originally Posted by IMPORTchic
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You might need to go back to the stock suspension. You were winning when you had it, and didn't have all these problems. lolOriginally Posted by 03RCode
Back to being stock and slow
Got to go feed my dog...
I swear she eats like a horse...
Back to being stock and slow
Haha I have to have my nightyl internet rounds to get sleepy!!Originally Posted by Motivation
And Yeah...hopefully I will be back down here too!![]()
lol, oh ok. I understand now. But you are in PCB, it's too early to go to bed.Originally Posted by IMPORTchic
You down there just for vacation or you have family down there?
Back to being stock and slow
Hi guy.Originally Posted by GSRtegŪ
wow, suprised you still have that hatch...
Back to being stock and slow
Originally Posted by Motivation
LOL I can't count how many people have told me that since this happened. Got up there and the promoter was like "You're leading points in your class, you drove 17 hours, brought your quad, and now your not racing?"![]()
Originally Posted by IMPORTchic
Cans I come wiff jew??
I need a vacation.
Originally Posted by 03RCode
lol, I would have flintstoned that bitch around the track if I had to, after that long of a drive.
Back to being stock and slow
Originally Posted by Motivation
I rode with a few of my buddies, the road trip was worth the ride. Wished I could have rode but shit happens.
I hope a jelly fish gets yo mofuckin ass! hahaha JK!!Originally Posted by IMPORTchic
i still hate you SO hard right now though.
Although im almost positive im going to New Orleans this weekend...![]()
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BLAHHHHHHH so whats everyone up to right now? i dont work till 1 tomorrow so i enjoyed a couple crazy ass micro brewed beers at my friends house and came home![]()
chaching