Well Mr. taxpayer. who do you think created the middle class? The unions thats who. Maybe you would like to go back to using the COMPANY STORE way of life. Buy American!!!

And how did we win WW2? With the factorys some of you want to shut down, that's how. So who's giong to build what we need if we go to war with China, I know we'll buy what we need from them, because they'll have the machines that we gave them.

Every 401(k) administrator has a responsibility to offer prudent investments to its participants.  GM stock is being installed in many casinos between the slot machines.  It's not a prudent investment, it's highly speculative.  Even being one of their creditors is highly speculative at this point.

Have you folks forgotten about the poor employees at Enron and all the company stock they had in their 401(k) plans?  Many lost their life savings when the company went under.

For those of you who think GM will never be allowed to fail, consider the story of Kmart.  It 'failed' and filed for bankruptcy protection.  The former owners (shareholders of the company stock) got nothing.  The creditors got something, and the company came out of the bankruptcy process healthy enough to buy Sears.  The company still exists, but the folks that bought the stock before it 'failed' lost everything.

Wake up, people!

A 401k plan executor like the bank is being prudent.  Do you not remember how many employees got the screw job in the Enron ordeal or the Worldcom bankruptcy.  If the employees want the shares that badly buy them thru an individual stock acct.

Heh my 401K balance has gone down, any chance these auto workers will help cover my losses just as they are asking all other tax payers to do for there pensions. I am all for fair wages and benefits but why would you ask let less fortunate people to subsidize your life style. If that was my business going under there would not be one UAW member rallying for me.

If all the GM CEO's would work hard and give up their sallary for one year  they would have enough money to save the company without a bail out

GM is robbing the tax payer   let them fall

Does anyone happen to remember the Enron case?  The employees were encouraged to buy the stock becasuse they had 'no problems', this is the reason the bank will not let the GM employees buy the stock in their 401(k).  The bank is basing it's decision on information available to the public.  Enron employees had most of their 401(k) money invested in Enron, and when the bubble popped they lost their retirement savings.  I applaude the trustee for acting prudently.  

and the American taxpayer who was too stupid to understand what a subprime mortgage was, too ignorant to understand the ramifications of that mortgage, too greedy to buy a house within their means just to keep up with their neighbors...let THEM fall.

Their are so many reasons why there stock values are going down. I say their should be no reason why there stock accounts shouldn't contain GM stock. If there future depends on there investments, why isn't their an alternative to future stock acquisition. Their ought to be leaders in there company that would trade there stocks to employees to save. Their, I said what should have been said by the employees at GM. By the way, are cars still being made their?

there ot their .... classic, absolutely classic. Great Dig. I love it.