None other than the august Wall Street Journal weighs in on new standards set forth by the Financial Accounting Standards Board regarding pensions, which could turn GM's remaining shareholders into paupers, should the company file for bankruptcy. Per the WSJ:
"In theory, shareholder equity is the value left for investors if a company were to liquidate itself and pay off all of its creditors. No one has said GM is going to do that, but some on Wall Street (and some credit-derivative traders) have bet on a bankruptcy filing. GM says it won't file for protection from creditors, but were it do so, shareholder equity would be more than theoretically important."
If our in-house doom-and-gloom soothsayer for GM is correct, y'all may as well sell. And ye of faith? Well, good luck to ya.
GM Faces a New Threat to Its Books [Wall Street Journal]
The Truth About the GM Death Watch: Kirk to Enterprise [Internal]