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Tractor Talk Discussion Board

Re: Hidden cost of the GM bailout!!!


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Posted by ss55 on November 01, 2012 at 12:08:34 from (50.81.68.105):

In Reply to: Hidden cost of the GM bailout!!! posted by JDseller on November 01, 2012 at 07:02:36:

A free economy lets people and businesses succeed or fail. All investments have some risk involved, investors need to be aware of that and monitor their investments. The responsibility is on each individual to manage your own affairs. Those GM bonds were a very liquid asset, you always had the opportunity to sell your bonds at any time the markets were open.

I've made the same mistakes. I'm sorry to say it, but you losses are not the result of the bailout, they are from you not managing your assets and selling when there were signs of trouble. Welcome to the school of hard knocks (the tests come first before the lessons).

Without the bailout you would probably have lost a lot more of that investment. Furtunetly, it sounds like you are still much better off than most people in this country. Good luck.


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