[Jack Black]

Just a pure speculation piled on a larger speculation. No one really knows what the Plunge Protectin Team does, or if it does anything. So asserting that they might be buying GM is plausible, but not really based in fact. It's like saying the NSA has a secret program to track who buys carry-out pizza because there is a link between terrorist and carry out pizza. It is hard to disprove the asertion because the entity at the center of it is top-secret.

It's not even a certainty that the PPT exists anymore. There are all sorts of moribund Executive Orders out there not being uesed.

I'm not familiar with the writer but his other posts seem generally interesting. He's a gold bug, I take it. Nothing wrong with that.

You posted this, what is your opinion?

[razorback-bert]

I thought the PPT was busy building burgers.

[razorback-bert]

Warren Buffett chimed in that he so much liked what the CEO of GM was doing for GM, that he went out and bought a GM car.

But no stock?

[BunnySlippers]

Hogwash! Why would you believe something on a stupid website?

[sitetest]

Why bother?

GM has a market cap of less than $17 billion. The bankruptcy of GM might be symbolically upsetting. For a week. But it would have little effect on the stock market as a whole.

Even the symbolic or psychological effect would be limited, as folks have likely factored a GM bankruptcy into their thinking for a long time, now.

[July 4th]

This is dangerous as hell for the Fed since they can't buck the true market forever. The last time a national bank tried that on a major scale, George Soros made a billion dollars.

[BunnySlippers]

Sorry, I should not have said what I said to you earlier. I apologize.