GM bankruptcy. - Lateral-g Forums

jcal87 · #1 05-29-2009, 10:05 AM

So if GM goes under how do you guys think it will effect the classic car market camaros novas chevelles etc?Will the demand go up or down?

**Steve1968LS2** · #2 05-29-2009, 10:51 AM

It WILL happen on Monday.. take that to the bank

And it's just a reorg.. although the govt is involved so all the small investors will get totally screwed while the big banks and unions will do good.

Welcome to the new world where the laws are just something to be changed. I'm sure the govt will run GM as good as they run the DMV. lol

youthpastor · #3 05-29-2009, 10:56 AM

Quote:

Originally Posted by Steve1968LS2

It WILL happen on Monday.. take that to the bank

And it's just a reorg.. although the govt is involved so all the small investors will get totally screwed while the big banks and unions will do good.

Welcome to the new world where the laws are just something to be changed. I'm sure the govt will run GM as good as they run the DMV. lol

Steve...I am not trying to kiss your ..^(**@ .. because you are a one of them there high profile magazine types... but you freaking ripped the words out of my mouth- very true...Chris

J2SpeedandCustom · #4 05-29-2009, 11:37 AM

So if the gov't owns GM and the people own the gov't (since we pay their salaries). All of us own GM as well. So we should all get employee pricing right....

Musclerodz · #5 05-29-2009, 11:44 AM

GM won't be going anywhere, and should not effect the market value wise. Classic have already made a market adjustment. however if anymore people get laid off, may be a few more selling or not working on their toys

**Spiffav8** · #6 05-29-2009, 11:59 AM

Quote:

Originally Posted by J2SpeedandCustom

So if the gov't owns GM and the people own the gov't (since we pay their salaries). All of us own GM as well. So we should all get employee pricing right....

I like the way you think!

Jay Hilliard · #7 05-29-2009, 02:45 PM

Lets see...Govt now owns GM, banks, insurance companies, soon to be govt universal health care.

Oh yeah, where has all the billions of bailout cash went to over past 8 months? When is enough, enough and the current congress and administration going to figure out that throwing money at situations doen't do a thing. If spending more money fixed things, we would have never had recessions or the great depression.

WELCOME TO SOCIALISM!

OK..Im off my soapbox.