Five Dumbest Things on Wall Street: June 5

Michael & Me

Michael Moore is enjoying the last laugh over GM's(GMGMQ Quote) bankruptcy. But we are having the best laugh over his plan to turn the Motor City into Grand Central Station.

Filmmaker and provocateur Michael Moore danced on GM's grave Monday, posting a letter to readers where he expressed " joy" over GM's demise. Writing from his hometown of Flint, Michigan, surrounded by "friends and family who are filled with anxiety about what will happen to them and to the town," Moore cranked the schadenfreude up to 10, reveling in the fact that his once powerful nemesis -- well, his first nemesis since he has now amassed quite a collection -- is now gone. ...