Post tagged with bankruptcy
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GM stock: when investing turns into gambling
August 26th, 200910:04 AM ETBy Mark BillerUSA Today ran a story last week about recent trading in old GM stock. General Motors, of course, declared bankruptcy while saddled with huge amounts of outstanding debt, making it virtually certain that their old stock will wind up being completely worthless. So why do millions of shares continue to change hands each day? There are two reasons...
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