And General Motors (GM), trying to weather the auto industry's sales slump and its own financial problems, suspended its 25-cent dividend in July.

General Motors (GM), without a plan and without a handle on Delphi and on the right kind of cars, will burn through the bailout money quickly and disappears. Yes, it goes bankrupt. Stocks don't get down to where they are like this one if something hasn't become out of control. This one's out of control.

The bear market? It consists of all the companies that need financial debt and do not have the deposit bases to tap it. They include GM (GM), Ford (F), Goldman Sachs (GS) and Merrill Lynch (MER). This market used to include AIG (AIG), Lehman, Fannie Mae (FNM) and Freddie Mac (FRE), and Bear Stearns. Also in the group is any industrial that needs the commercial paper market, which is why GE (GE) was targeted on Friday. I think this bear market is a natural to be hit by the credit default swap issue, where hedge funds take out insurance on institutions and then kill them with a series of nefarious but legal tactics: buying puts, banging down stocks without upticks, and informing the media and the ratings agencies of the companies' problems. This sort of attack, which I dubbed Kesselschlacht Saturday, is almost impossible to fend off by companies that need to tap the debt markets regularly and need good credit ratings.

Cramer: A Way Out of This Mess: We want the private and public sectors to work together to heal this market, says Jim Cramer.
Click here to watch the video.

Look at General Motors (GM) says Jeff Macke. Those factors combined with the willingness of the government to get involved is probably bullish for the stock.

U.S. Automakers Speed Into Russia: U.S. and Asian automakers are rushing to lure Russian consumers to offset declining sales in the U.S., Europe and Asia, Reuters' Ruben Ramirez reports from Moscow.

Click here to watch the video

And Ford (F) and GM (GM) need the bailout in exchange for building natural gas cars.

From a recent Mad Money show: "It is not my favorite auto; it's too speculative for me. My favorite auto right now is Honda Motor (HMC)."

udervalued

american and the future of the industry

management running the company into the ground - may not survive a long recession.

they just dont get it, stil hawking suvs with these days of high gas and oil prices. gm needs to think green, make a car that can run on solar power, come on oil is so passe.

go'n dwn

???

might go broke--unions.

Bad Company

over leveraged

need I say more?

stupid management

auto sector