Will GM go bankrupt before the US government takes a controlling (50.1%+) stake in Citi?
| POSSIBLE ANSWERS | CURRENT VALUE | TODAY |
| $98.94/ $100.00 | (closed) | |
| $0.71/ $0.00 | (closed) | |
| $0.35/ $0.00 | (closed) |
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Background information
GM is in trouble. Serious trouble. The economy is only going to get worse, thus people’s perception of the economy is going to get much worse. Auto spending has plummeted, but it has yet to die. It will die. And GM with it.
Citi is in trouble. Not quite so serious trouble. Since the begining of what will be termed the depression, Citi’s share price has slumped further than GM’s. But it is still there. Unlike GM, it possesses a Too Big To Fail trump card. It has used this many times already. It will do so again one final time – when the US government assumes complete control.
America’s flagship car wreckage versus America’s flagship bad debt. Who will go to the wall – in their own particular way – first?
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