<< Read Full Article

Jim Cramer's 'Stop Trading!': GM Can't Fail

Stock quotes in this article: GM , FLR  

General Motors (GM Quote) CEO Rick Wagoner doesn't know how to tell his own company's story, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Wagoner was interviewed earlier on the network and asked to compare his company's situation with Lehman Brothers, the investment bank that filed for bankruptcy in September.

"He has far more jobs on the line than Lehman," Cramer said. "What he didn't say is the system is riddled with GM paper [and] with GMAC paper." ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,482.99 1,111.91 2,213.12 36.07
Oil *
72.34
DOWN
18.06
DOWN
2.20
UP
1.02
UP
0.61
10 Yr
3.61%
SPDR Gold
109.74
-0.17%
-0.20%
+0.05%
+1.72%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services