"Brad Clarke" <me@privacy.net> wrote in message
news:skbl71pa0kv583hqo3fq507ao5kfg9r0kp@4ax.com...
> On Thu, 5 May 2005 19
51 -0400, "James C. Reeves"
> <jcnospam@nospam.com> wrote:
>
>>>Can there be a day worse than today for GM car lovers? GM (and Ford)
>>>bonds
>>>were rated junk today. What a sad day!
> I read somewhere that Kerkorian wanting to buy more GM shares may have
> been the trigger for the GM junk rating (feared he might try and
> separate the mortgage & loan part of the business from the automaking
> side)
I had heard that to. But with only 5% ownership? Must be more to this.