• Hal (GT) Posted: 11/16/2009 9:22am PST

    I saw this on CNBC. I was discussing it with my brother and it was his opinion that the marketing department was telling them to repay it.
    The idea being that news casters when ever they discuss gm generally talk about it being government motors and since as citizens they are now owners they should be able to get a deal. So the press has been bad. Don't know if this is the reason for the sudden payback even after they show $1 Billion loss. But sounded interesting. Taking a look at the tool I use to track precious metals, http://www.learcapital.com/exactprice , I see that platinum is up in a big way ($1445.00 right now) and I wonder if this isn't related to the auto news as it's such a key ingredient in catalytic converters.

  • R2Dad Posted: 11/16/2009 12:05pm PST

    This is all verbal incontinence on the part of GM. You're supposed to announce this the day you write that first check. Jumping the gun does nothing to instill confidence. Everyone seems ready to call a bottom on this recession and forecast their way to growth. We shall see two quarters from now if the consumer returns.