Perspective
The following came from a discussion with my friend, Bruce.
I looked at General Motors balance sheet and as of Sept. 30 they had a negative net worth of 60 billion dollars. Assets minus liabilities equals NEGATIVE 60 billion dollars, and they lose more money every month. Now that the treasury is borrowing them another 4 Billion dollars ( Read more... )
I looked at General Motors balance sheet and as of Sept. 30 they had a negative net worth of 60 billion dollars. Assets minus liabilities equals NEGATIVE 60 billion dollars, and they lose more money every month. Now that the treasury is borrowing them another 4 Billion dollars ( Read more... )
Comments 1
Reply
Leave a comment