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Saturn

General Motors stock drops as analyst raises bankruptcy idea

General Motors Corp shares fell 15 percent Wednesday morning to $9.98 after Merrill Lynch said the automaker will need to raise about $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" ...

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Dr Turbo
Chicago, IL
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#1
Jul 2, 2008
 
Another direct result of unions rewarding laziness over productivity. Hope all the union followers have enjoyed paying their dues through the years and enjoying their rewards for being lazy - it sure paid off lol
ejhickey
La Grange, IL
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#2
Jul 2, 2008
 
This may hurt a lot of retirees real hard. there will cuts in pensions and medical benefits.
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