[Bogie]

An additional observation on GM's solvency.

I see this time and time again.....history does indeed repeat itself. You have a business doing "business" in a market segment, and along comes an "investment" opportunity in another segment....and away they go to the new investment. Now, I'm not against investing in a wide segment (which can reduce risks that any one segment will kill you), but you gotta be careful that you don't focus on a peripheral segment to the point it puts your core at risk.

GM had some hands in the mortgage industry. Although they reduced their risk by selling off a good piece in 2006 (in retrospect, a good decision), they still held a stake in the mortgage industry. A stake which went bust in the midst of the mortgage fiasco. I'm not a financial guru, but I wonder how much those loses are contributing to their current financial woes. Not only is there a downturn in the market vehicle segment, the investment area that is designed to bolster the company over such slumps is not only failing to hold the line but has/is sucking hundreds of millions of dollars out of the GM coffers.