Grumpy: General Motors.

Grumpy and I made a bet last summer that the Feds wouldn't let General Motors go under. Today GM posted a loss of over $7.00 per share. This after they met yesterday with Speaker Nancy Pelosi and other high ranking Congressional Democrats. They want $25 billion in new loans. Must of us want them to make a product that Americans would buy. Anyway Grumpy told me last summer "no way GM goes away". I took the other side of that trade. I think I'm going to lose the bet and soon!

Note: I don't own GM, don't plan to ever directly own it and have no advice regarding its stock. So don't ask!