Summary
It's getting downright painful to open any piece of mail from a brokerage or investment firm. Virtually every mutual fund in the country is down sharply, and investors have lost tens of billions of dollars in the last few weeks alone. Those who own stock in American carmakers have been pounded especially hard.
General Motors, once the bluest of blue-chip stocks, recently traded for $2.52 a share, down from $29.95 at this time last year. On that same day, Ford stock hit $1.21 per share, down 76 percent in a year.See the full content of this document
Extract
Bankruptcy, Not a Bailout
Stockholders may soon decide to frame their certificates and hang them on the wall, something some already do with certificates from 1940s-era carmaker Tucker Corp. After al...
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