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User Info Koolaid iditots; entered at 2007-12-02 17:22:00
Robt
Posts: 559
Registered: 2007-08-26
And regards to GM, this loss was non-cash because the gain was non-cash to begin with. These are tax credits that have been written off because GM doesn't think that they will get to use them against future profits. And there are a multitude of reasons for this which appears the market had already discounted most of.
2007-12-02 17:22:00