a) Won’t have to pay capital gains taxes b) Lots of free time for my friends to go bicycling and golfing c) Never liked Morgan Stanley anyway d) Can buy any GM car cheap and won’t have to worry about invalidating the warranty
All those people with warranties now need to buy CDS against GM defaulting. Then they need to buy CDS on Morgan Stanley to hedge their counterparty risk on the GM CDS. Then they need to buy tinned food and bottled water to hedge against MS defaulting.
Do you suppose Toyota or Honda might buy GM if the assets are cheap enough? Or is there just too much debt (and those guys just got pounded yesterday along with everyone else).
bchadwick Wrote: ------------------------------------------------------- > Do you suppose Toyota or Honda might buy GM if the > assets are cheap enough? Or is there just too > much debt (and those guys just got pounded > yesterday along with everyone else). not with the unions.