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Have No Fear; the US Government is Here

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June 01, 2009 – Comments (3) | RELATED TICKERS: GM

This blog tends to stick to international investing, but the death of GM (as we know it) is too big. The story has been covered in-depth elsewhere, but I'll just ask this: How do we expect a poorly run company to suddenly be run better now that it's highly politicized and largely owned by the government? The state of Virginia can't even run a decent liquor store.

My prediction for GM is that it's making a revamped focus on fuel efficiency (as dictated by the new owners) will mean the company ends up making small, expensive cars that nobody wants and that are expensive to fix.

3 Comments – Post Your Own

#1) On June 01, 2009 at 2:13 PM, TMFJoeInvestor (95.26) wrote:

The state of Virginia can't even run a decent liquor store.

 Amen.

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#2) On June 01, 2009 at 2:21 PM, catoismymotor (51.71) wrote:

There is no problem the government can't make worse.

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#3) On June 01, 2009 at 2:23 PM, cbwang888 (25.80) wrote:

Government took over FNM, FRE, and AIG. What has happened? More garbage MBS/CDO bonds sold to Federal Reserve and USD is trashed.

No GDP growth, only cooked economic data.

GM will market share will fall even more. 

 

 

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