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Thursday, April 13, 2023 9:20:27 AM
Because the govt. has stolen all of the value.
Newsflash: They haven't as yet. It may seem to you and GB that it is a fait accompli that common gets a nickel or $1.
If that does happen, then all Kthomp posits WOULD be true. New investors WOULD have to be wary of a repeat. I haven't studied GM (which got wiped out), but I bet that the new investors did/do get a risk factor built into the shares vs. Ford or other car company.
The final verdict is not in on the common treatment.
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