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Post# of 648882
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Terry Owens

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Terry Owens

Re: THE MATADOR post# 212030

Wednesday, 11/21/2007 1:49:27 PM

Wednesday, November 21, 2007 1:49:27 PM

Post# of 648882
Well if they actually pulled off a sale it would probably be good for GM because ResCap has been a sub prime ball and chain for their corporation. Did you read the part where GM had to sink $1bill of equity into ResCap?

But like I said, the movement today is more of a knee jerk reaction from shorters looking to cover on this "news" after a two week feast. A sale probably has as much likelihood of happening anytime soon as AT&T buying Dish Network this week.


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