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Slump Humbling Blue-Chip Stocks, Once Dow’s Pride
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AIG is at 35 cents, Citigroup is at $1.02, GM is at $2, GE is at $6 a share, Bank of America is at $3.17 a share. The New York Stock Exchange has temporarily suspended its $1 minimum share price requirements to prevent a wave of delistings. There is a concern about another implosion like Lehman or AIG. GM's auditors said GM is not a viable or going concern. A GM bankruptcy with the support of the government is now something that GM management is considering and the government may take that route.
The impact of the 2008 global financial crisis on U.S. bank and auto share prices
03/06/2009
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Slump Humbling Blue-Chip Stocks, Once Dow’s Pride
New York Times 03/06/2009
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