General Motors wrote off over 30 billion in paper yesterday as it continues along the path to it's own rocky recovery.
While this is sure to scare the short term emotional investors, this is still a logical move on the Generals part, with all the positive reviews that GM is getting over it's newest models, things are starting to look up.
If G.M. still is in this position a year from now, then would be the time to worry.
Joe
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