One Year Ago In The Credit Markets

05 Dec 2008

General Motors announced its sales fell 11% in Nov. 2007 and its loans traded down as low as 93-93 1/2 after the news.

General Motors announced its sales fell 11% in Nov. 2007 and its loans traded down as low as 93-93 1/2 after the news. [GM now is pleading for a bailout from the U.S. Government or else faces Chapter 11; its loans were up this week to 47 1/2-48 ...

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