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What is delusional is GM is up 8% today. The stock should be worth nothing but somebody must still be buying shares.

What is going on? I would really like to know. Is it just on up days people buy everything and everything goes up.

I don't get it. The laws of economics make no sense. This is like the moon breaking orbit, antimatter showing up in large quantities. Gravity making things go up.

Its so easy to blame the executives, but everyone knows that once GM files for bankruptcy, the stock is worthless. No one made a killing selling for a buck and a half a share. If you really want to know why America no longer has an auto industry, you can thank your government all the way back to the early 1970's. America refused to take on Japan the way it had before and demand not only fair trade but a level playing field. Why were they allowed to dump their goods here and were not allowed to sell our cars their. If you argue that their cars were better in the 70's and 80's, than you forgot how bad japanese cars were and you really don't have clue as to what you are talking about. This collapse did not happen over night but after years of goverment neglect and short term thinking which consistently weakened the industry so much so that a precipitous downturn like we have now had the effect of a 1-2 punch to a heavyweight boxer in late rounds. The ref is counting to 10 but in this case, America will be left with retirees with no pension or health care, 10-12 percent unemployment and the permanent loss of industry (auto and parts) that we started. Oh, as part of the Japanese master plan, get ready to pay 30k for your corolla hatchback because there will be no competition anymore.For years America was willing to lose its manufacturing sector in favor of the service sector; we will soon learn how flawed this policy was as America slowly becomes economically irrelevant in the middle of the 21st century.

GM will not go into bankruptcy.
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The Execs have more to gain if the company survives.
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The sale of these shares relative to their net worth and compenstion is chump change. These guys spill $15,000.00 out drinking.
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It's a move to gain leverage with the entities that need to give back in order for GM to survive.
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Union guy anticipating being on the street facing unemployment and bagging fries for Burger King will give back.
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Bond holders can take .06 on the dollar or gamble the 6 cents on a long term recovery.
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BUY !!!!!!!!!!!!!

Who cares about the stock price? I would worry about the loss of jobs for americans. Unemployment will spike a lot higher this June when all these plants go down.

There is a very positive side to Chapter 11-Reorganization. First,antiquated union rules will be gone,hourly wages will not be double or triple the so called average wage for that type of work. The workers will not loose their pensions or health care,but rather than a 20-30 thousand dollar pension for 25 or 30 years on the job plus unlimited health benefits,they will come back to reality which is a minimum of 40 years of work,a typical SS pension and welcome to Medicare.That alone will help to control the growth of inflation.The three elements that destroyed the big 3,were,Executive greed & stupidity,competition and low productivity and quality.