Friday, April 24, 2009

多謝父母官!

父母官萬歲!電盈(008)單嘢真係峯迴路轉,如果有人開盤口,「私有化成功」肯定大熱。如果係亞洲盤,「成功」要讓球畀「失敗」!

呢幾日,我只係聽過一個人估上訴庭會砰低電盈私有化,呢個就係我老竇。不過如果係賭波膽,佢都係買2對1,佢話貌似我嗰個會畀私有化,所以今次3個法官以三比零姿態否決,算爆大冷。

爆冷判決開先例

同分析員預期差咁遠,係因啲分析員淨係識以legal唔legal去睇。大家都知上訴庭今次係社會明燈,手執torch,帶住啲用pitchfork嘅小股東抵抗啲「女巫」。

之前同老竇傾傾吓,佢老人家就開始離題,又講以前殖民地時代點點點。佢話以前有啲律師因深知每個官嘅思維係點,所以有時想自己個客避開某啲官,即judge shopping,老竇話呢個行為好唔得。不過佢話千祈唔好法官人選落實之後想退貨,因為一旦唔成功就……我答:「老竇可唔可以講番電盈?」佢老人家聽唔到我嘅哀求,繼續講殖民地時代。

最後,我想讚上訴庭3位法官,將父母官主義呢個優良普通法傳統發揮得淋漓盡致。

Thank you for legislating from the bench,very proud。

不過唔知噚日電盈宣佈投降唔私有化、唔上訴上終審庭,又係咪出乎所有人意料?係定唔係都好,再多謝法官,congratulations,you have now set a glorious precedent。

Thursday, April 23, 2009

GM 六月一日破產

GM 已宣佈唔會還錢卑六月一日到期嘅債券持分有人,即係宣佈會破產。

今晚個市冇跌...係咪即係冇事?

08年9月16日,即雷曼宣佈破產之後第二日,S&P500仲升2%收1213點。

最後點?雷曼破產原來好多後違症。S&P500之後跌50%。

大家要自保呀!

Wednesday, April 22, 2009

傳媒不敢報的壞消息

Blogs kicks ass... Mainstream media could be quite conservative... But whatever happens, the rumour receiving advantage on being near a trading desk has been eroded...

---------------------------------

禮拜一,孫柏文寫咗篇「美股short得」嘅文。到特區時間夜晚,花旗國股市即裂口低開,跟住就一路跌到收市。

大家一定覺得我又認屎認屁,會話啲花旗國投資者,搵繙譯睇完我篇文後,就拋貨。但今次連我都唔敢認。

傳壓力測試美16銀行唔掂

不過大家有冇發覺禮拜一嘅跌市,如果你當晚或第二朝睇傳統主流傳媒,對跌市係一頭霧水。原因係嗰晚導致市場拋貨嘅消息佢哋唔敢報。個消息就係話壓力測試結果已外流,結果非常差。好多料爆,其中3點包括:

1)19間銀行,16間會肥佬被揭係資不抵債。
2)16間肥佬銀行中,冇一間頂得住還款率惡化。
3)16間中任何兩間要國有化,FDIC(美國聯邦存款保險公司)即時冇錢。

咁震撼,點解主流傳媒唔報?理由有兩個:

第一,太震撼。有如當年克林頓搞囡囡一樣,唔敢報。如果消息係流嘅就玩完。所以同上次一樣,網站報道

第二,爆料嘅屬「白人大晒主義」嘅網站,雖然之前已踢爆過政府內部消息,不過財經傳媒唔敢信。究竟唔報道啱定唔啱就其次,最重要係你唔知,但有人信兼拋貨,搞到市跌令你輸錢就大鑊。

你可能問,個網站係咪死好彩,嗰日出消息咁啱遇跌市呢?如果市場覺得呢個網站消息係冇料到,跌市只係咁啱,財政部噚日就唔使同日突然發聲明澄清。

之前個個話啲銀行全部都會pass,其實忽略咗一樣嘢。如果奧巴馬真係想控制銀行,話佢哋唔掂,係注資做控制性股東必然要行嘅一步。19 間會有16間唔掂?出奇係仲有3間OK!

Monday, April 20, 2009

壓力測試結果外流?

聽聞有個之前爆過奧巴馬個Homeland Security Secretary,秘密咁話:「美國本土右翼組織,先係恐怖襲擊最大可能嘅源頭。(即唔係拉登)」嘅blog叫Turner Radio Network

啱啱走出來話,美國D銀行做壓力測試嘅結果外流。

咁個結果係點?非常差。

1)19間銀行,16間會肥佬被揭係「資不抵債」。

2)16間肥佬銀行中,冇一間可以頂得住還款率惡化。(孫柏文按:呢個有少少玩野。都已係資不抵債,當然頂唔住。)

3)任何兩間要國有化,FDIC美國聯邦存款保險公司即時冇錢。(孫柏文按:美國國會亦唔會再放錢)


仲有好多,包括HSBC USA會頂唔住嘅消息,自己去睇啦

亦解釋到點解美市(特別係銀行股)今晚係咁跌。

最新消息:花旗國財政部已否認,壓力測試有結果。不過你信唔信?

美股short得

啲花旗國銀行喺上個禮拜陸續交第一季功課。成績唔錯,連全世界都睇死會繼續蝕錢嘅花旗銀行,都話有錢贏。

雖然由高盛開始,個個都話冇靠AIG贏錢,即係冇靠政府(原本想話「冇靠納稅人」,不過記得聯儲局已印鈔票買國債畀政府使,所以要話「冇靠政府」),孫柏文只可話:「你班友唔好玩啦!」

靚業績靠請槍

好似一個小朋友,近排功課成績好咗。你睇落唔知幾開心,仲要同人講話佢之前成績唔好嘅日子已過去。點知個小朋友成績好咗嘅原因,係因為功課唔係自己做,每日畀老師嘅其實係靠老竇、阿媽請槍。

再講,啲花旗國銀行第二、三季會好難捱。上個禮拜,聯儲局宣佈會買啲用商廈,例如商場、寫字樓租金做抵押嘅債券。人人都話係托市,其實又係救啲銀行,因為啲商廈依家好大鑊,銀行如果要硬食啲商廈債券嘅減值,又會資不抵債、即時執笠。所以又要超級垃圾缸聯儲局嚟接。

呢個美股反彈浪,越彈成交越低。上個禮拜啲垃圾股例如花旗銀行,都因淡倉被挾而上,反彈浪最後一擊。

美股上到呢啲位,short得。

Sunday, April 19, 2009

如果我係花旗國人,諗到都想暈...



當乜野債都係花旗國聯邦政府擔保。

即係出事時,一係借錢要未來納稅人出錢,一係印鈔票要今日嘅存戶從降低咗嘅購買力去承擔...

如果我係花旗國人,諗到都想暈...

Friday, April 17, 2009

增長6.1%?好炒!

「保八」、「保八」。重複又重複,相信大家聽過無數次。MC Jin遲早都會用嚟rap。

中央對於保住經濟增長,維持喺8%以上嘅決心,有如當年用嚟「追英趕美」嘅「大躍進」咁強。

大家都知,自從1月開始,祖國啲股市越升越有。大家不知幾開心,諗住升一定係「無所不知」嘅市場,將經濟復蘇反映喺股價中。

點知,一出祖國第一季貸款數字,先知股市升,係啲人被迫借錢後,谷咗入個股市。

迫銀行放水谷股市

當銀行被迫亂借錢畀人,令貸款喺3月比舊年升6.6倍時,可以同時令股市今年至今升39%。

我哋就要問,究竟4月貸款會否比舊年升13倍,令股市升多39%。貸款升13倍。有冇可能?

不如等孫柏文研究吓。

如果係銀行,一定唔會自願咁樣放錢,因會輸太多錢。幾日前講過祖國正在發生全國性大規模嘅按揭詐騙,如無意外,幾年後所有今日放水嘅銀行,將會需要國家注資。咁即係要迫。

會唔會呀?有好大機會。

原因係當新增貸款升5600%,第一季經濟增長都係得6.1%,要第二、三、四季不但要有8%增長,仲要追番第一季剩落嘅2%。13倍?真係可能。

不過如果市場見6.1%增長,都唔升。就等於市場覺得就算中央迫,銀行都放唔到咁多錢。而冇再多貸款,搵邊個接貨炒上?

Wednesday, April 15, 2009

拔萃校長張灼祥被插

各拔萃仔,你哋點睇?

拔萃校長張灼祥評舞台劇《金鎖記》,
又比較《金鎖記》與《怨女》的分別。
發覺張校長竟然唔溫書囉!

(more...)

大陸有按揭詐騙 = 樓升係虛火?

OK。

你係一個喺加州起樓嘅地產商。

你喺07年動工嘅住宅大廈,差唔多完工。

你一路有錢繼續起樓嘅原因,係因為07年銀行為咗搶生意,借錢嘅條款寫到好就你,冇因金融海嘯落雨收遮。

不過到09年第一季,根據你同銀行嘅協議,你要賣樓,仲一定要喺某個底價之上,如果唔係你公司要即刻賠錢。

問題係,現市價低過銀行定嘅底價好多,如要賠錢,公司即刻周轉不靈,要結業。點算?好簡單。求其搵十個八個喺信貸泡沫度冇借過錢,身家清白嘅墨西哥新移民做人頭。

跟住叫佢哋喺底價買,又搵個「幫弱勢社群置業慈善基金」送兩成首期畀佢哋,之後就做按揭。

因花旗政府已命令兩房有錢放錢,佢哋一定會借到錢。買賣成功後就畀每個墨西哥新移民一筆安家費,叫佢哋返鄉下。啲人頭失蹤後,兩房就要接收啲樓,你作為地產商就成功甩身。

樓價升係虛火?


大家可能會話:「美國人正騙子!」

其實,我係講緊祖國。你只要將「墨西哥新移民」變成「民工」、「兩房」變「大陸銀行」就係今時今日大陸第一季,信貸額大幅飆升嘅結果。

為咗「抗海嘯」,銀行嘅風險部門俾人擺埋之後,就會有咁嘅後果。

係咪大鑊?咁就要睇究竟銀行接咗啲銀主盤之後,樓價點走。

如果升,銀行仲賺多筆,變成啲人越呃、銀行越搵錢嘅奇怪現象。

最後,千祈唔好覺得因為有大規模按揭詐騙,大陸樓市升係短暫虛火。睇花旗國就知,只要按揭詐騙規模真係夠大,可以長升長有、升到你唔信。

Saturday, April 11, 2009

股災在即 明益大家 教你幾時 Put!

09年,有個財經blog極速走紅。今年一月先開始寫。

呢個blog叫 Zerohedge

咁佢哋就話呢個「音樂椅」升浪就快完。(講真,大家都知呢個反彈浪流到爆)

The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans

"Anyone who is doing anything sensible right now is either losing money or is out of the market entirely." These are the words of a quant trader, who is seeing something scary in the capital markets. Scary enough to merit a warning that we could be on the verge of another October 87, August 2007, or January 2008.

(more)


雖然孫柏文睇唔明 Zerohedge個兩個chart(大家睇得明,不仿指點吓小弟嘅迷津)
基本上依家個市係D數、圖佬炒,塘水滾塘魚。D錢一走,大鑊。

不過話股災喺幾個禮拜,甚至幾日內發生,都咪話唔誘惑。起碼想一注獨贏、訓身買put。

如果真係股災在即,有冇呢浪嘅見頂信號?

有。

唔使問亞貴,睇下面班友幾時做野就得。

Goldman mulling stock offering - report

LONDON (CNNMoney.com) -- Wall Street investment bank Goldman Sachs is mulling a new stock sale to repay the $10 billion loan it received from the government last year, according to a Wall Street Journal report.

Goldman (GS, Fortune 500) could announce the offering to investors as early as next week, the report said. The company hasn't decided on the final size of the sale, but it is expected to be in the range of several billion dollars, the newspaper said.

(more)



如果你係 sale屎,用上邊個兩個point去pitch。賣乜野來hedge都有人買。

Friday, April 10, 2009

黎三萬真身

僱員再培訓局,有乜讀...

陶傑早排寫咗D野激動到菲律賓人...

其實在港菲律賓人,特別係D住家工人,一早因外傭稅已充滿怨氣。

孫柏文之前已講過外傭稅推出一刻,係我哋香港人最醜陋嘅時分。搵最低收入嘅一群開刀。

不過最肉酸係D錢用呢做D乜。

話就話係用來「僱員再培訓」。不過就用來輸血、餵大工聯會、職工盟等機構。

有錢就可以亂來。

大家知唔知工聯會今期搞咗D乜野班?

Holy shit,你係唔會信...自己去Krispycrap睇。

Shocking。

Thursday, April 09, 2009

令我血壓飆升的詩琳美容廣告片



我是最討厭一些摧毀女性安全感後,掠錢的產品。

這個廣告簡直令我血壓飆升!

搵銀行工就要搵佢

花旗國有間銀行叫Beal Bank,各位冇嘢撈嘅財經界才俊如果想搵工,不妨寄信去,因為佢哋請緊人。不過,我要警告所有想幫佢打工嘅人,呢間Beal Bank嘅老闆叫Andy Beal,鍾意飆車、賭啤牌,仲要銀行本身喺06年被監管機構瘋狂問話。

06年停放貸被問話

評級公司雖然冇郁間行嘅信貸評級,但當年都係咁捽Beal Bank,話佢哋個營運模式係「unsustainable(不能維持)」。

大家可能會問:「當年監管機構冇問話嘅公司,今日已出事,評級公司話『AAA』嗰啲,家吓都爆咗,呢間Beal Bank咪好有問題?」

咁大家知唔知點解佢哋俾人捽吖?原因係老闆Andy Beal到04年,覺得個信貸市場已經黐咗線,啲人放債嘅息率冇可能咁低,所以決定完全停止做新貸款。

最緊要係個債市進一步黐線,息率到06年時低到爆,Beal Bank直情自己出債券借錢。30年定息,貴過LIBOR只1.7厘,勁掂。

因為又冇放新貸款,故不用靠存戶存款,變成一間冇存戶嘅銀行,認真少見。

因為評級公司、監管機構唔係捉錯,而係捉啲怪事,所以呢間唔放新款嘅銀行,就係咁俾人鬧。

咁Beal Bank依家點?大舉入市啦!好多被撇咗嘅債,俾佢哋買咗。仲要越買越多,所以先至要請人幫手。

搵銀行工?就要搵 Andy Beal

Monday, April 06, 2009

壓力測試 已變笑話

究竟啲花旗國銀行係咪雨過天晴?肯定唔係。不過喺一個冇咗mark to market嘅世界裏面,銀行條數真實有幾差,將會冇人知。如果冇人知,大家就可以扮冇事,扮雨過天晴繼續炒上。

講真,銀行係啲乜?咪係個錢入錢出嘅黑箱,希望最後有盈利咁解。唔同意孫柏文話銀行係黑箱嘅滙豐(005)fan屎,唔該諗吓,你之前知唔知佢哋有個要上身嘅200億美元SIV?

點都好,大家可能會驚一旦黑箱被識穿,炒上動力就會冇咗。我只可以話,一個黑箱可以好耐都冇人識穿,睇吓馬多夫就知。

過到關就係英雄

馬多夫爆煲,係因為提款多過存款。其實如果冇人提款,馬多夫今日仲係過緊大富豪生活。

銀行就一模一樣,所以除非有存戶擠提,啲銀行就可以繼續營業,用啲會計手段話自己大賺特賺!就快要出第一季業績?啲銀行就話:「有機會做show啦!」都不知幾開心。

大家可能會話:「奧巴馬就係知啲銀行會勁屈會計制度機,所以就獨立地推出壓力測試。過到關就係英雄!起碼冇事。」壓力測試嘅原意,係去睇究竟啲銀行喺更差嘅經濟環境下,頂唔頂得順。

避稅天堂咪譯錯

咁大家知唔知喺壓力測試中,假設09年最差嘅失業率有幾高?8.9%。上個禮拜都已係8.5%,聰明嘅fan屎,你話啲銀行過到壓力測試係咪真係「冇事」?壓力測試已變笑話。

最後題外話。Tax haven又唔係tax heaven,點解會被譯成「避稅天堂」?

------------------------------

Seems like someone agrees with me...

Geithner's Stress Test "A Complete Sham," Former Federal Bank Regulator Says

Posted Apr 06, 2009 10:00am EDT by Aaron Task in Investing, Recession, Banking
Related: UBS, C, BAC, XLF, SKF, FAS

The bank stress tests currently underway are “a complete sham,” says William Black, a former senior bank regulator and S&L prosecutor, and currently an Associate Professor of Economics and Law at the University of Missouri - Kansas City. “It’s a Potemkin model. Built to fool people.” Like many others, Black believes the “worst case scenario” used in the stress test don’t go far enough.

He detailed these and related concerns in a recent interview with Naked Capitalism. But Black, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis, says the program's failings go way beyond such technical issues. “There is no real purpose [of the stress test] other than to fool us. To make us chumps,” Black says. Noting policymakers have long stated the problem is a lack of confidence, Black says Treasury Secretary Tim Geithner is now essentially saying: “’If we lie and they believe us, all will be well.’ It’s Orwellian."...

(More here)

金手指貼士季結

4 月第3個交易日,係時候總結金手指篤過嘅「一注獨贏」貼士。可以用以下8個字做總結「白銀油價,回穩上升」。以下就係09年第二季展望。

白銀:自從舊年 10月見過8.48美元一盎斯之後,白銀就展開升浪,不過,每次升浪嘅波幅都幾大,平均高低位相差兩成。不過到第一季埋單,白銀升咗13.9%,收 12.97美元。

維持原判買白銀

花旗國聯儲局已實施「印鈔票送畀政府使」政策,宣佈當日金、銀都急升。

雖然,因為市場覺得聯儲局宣佈會印嘅3000億美元其實好少,金銀升完開始跌,不過以聯儲局依家買國債嘅速度,好快就會用晒3000億。到時再印,金銀就會再升。

孫柏文作為白銀戰隊隊長「白銀文」...

維持原本建議:強力買入。
目標價:120美元一盎斯。
有效期至:2016年3月6日。


中油香港(135):股價喺第一季升 36%,收3.28元。

上個禮拜公司出業績時,都分析過點解08年每股盈利升72%,令市盈率得4.8倍。

公司運作非常穩定,盈利高低將會因油價而變動。公司手頭上有50億現金,即平均每股超過一蚊,現金流超勁。

依家咁多外國三、四線油公司唔掂,周圍都係平貨。大家不妨繼續留意公司高層點用呢筆錢,求神拜佛出國買啲超平油田。

Sunday, April 05, 2009

'The War at Home' by Chip Tsao 陶傑

The War at Home

by Chip Tsao 陶傑

The Russians sank a Hong Kong freighter last month, killing the seven Chinese seamen onboard. We can live with that-—Lenin and Stalin were once the ideological mentors of all Chinese people.

The Japanese planted a flag on Diàoyú Island. That's no big problem-—we Hong Kong Chinese love Japanese cartoons, Hello Kitty, and shopping in Shinjuku, let alone our round-the-clock obsession with karaoke.

But hold on-—even the Filipinos? Manila has just claimed sovereignty over the scattered rocks in the South China Sea called the Spratly Islands, complete with a blatant threat from its congress to send gunboats to the South China Sea to defend the islands from China if necessary.

This is beyond reproach.

The reason: There are more than 130,000 Filipina maids working as HK$3,580-a-month cheap labor in Hong Kong.

As a nation of servants, you don't flex your muscles at your master, from whom you earn most of your bread and butter.

As a patriotic Chinese man, the news has made my blood boil. I summoned Louisa, my domestic assistant who holds a degree in international politics from the University of Manila, hung a map on the wall, and gave her a harsh lecture.

I sternly warned her that if she wants her wages increased next year, she had better tell everyone of her compatriots in Statue Square on Sunday that the entirety of the Spratly Islands belongs to China.

Grimly, I told her that if war breaks out between the Philippines and China, I would have to end her employment and send her straight home, because I would not risk the crime of treason for sponsoring an enemy of the state by paying her to wash my toilet and clean my windows 16 hours a day.

With that money, she would pay taxes to her Government, and they would fund a navy to invade our motherland and deeply hurt my feelings.

Oh yes. The Government of the Philippines would certainly be wrong if they think we Chinese are prepared to swallow their insult and sit back and lose a Falkland Islands War in the Far East.

They may have Barack Obama and the hawkish American military behind them, but we have a hostage in each of our homes in the Mid-Levels or higher.

Some of my friends told me they have already declared a state of emergency at home. Their maids have been made to shout 'China, Madam/Sir' loudly whenever they hear the word "Spratly".

They say the indoctrination is working as wonderfully as when we used to shout, "Long live Chairman Mao!" at the sight of a portrait of our Great Leader during the Cultural Revolution.

I’m not sure if that's going a bit too far, at least for the time being.

--------------------------------

陶傑喺亞視做佢個show時,被producer提到要講disclaimer時,其他人就跟番個標準答案話:「本節目嘉賓意見,並不代表本台立場...」


陶傑就加多句:「唔好話本台,嘉賓意見甚至不代表嘉賓立場...」How you say that in Tagalog/English/Spanish?

不過陶傑用西班牙文,向菲律賓大使道歉都搞野。點都要signal俾人知菲律賓嘅「被統治」史。

Saturday, April 04, 2009

原來可以有咁嘅效果...

每日四點半,蘋果動新聞有個叫《你貼股 我教路》嘅股票節目。孫柏文有份做主持。

個節目嘅原意,係俾觀眾貼股,跟住同嘉賓一齊分析。

不過,睇完ANYWAY個blog之後,先知個節目原來可以有咁嘅效果...

今天只做一件事 . 笑


生活, 就只有工作! 苦況不能盡錄, 嘔血二字還總算傳神!
每晚回到家, 筋疲力竭, 但腦袋靜不下來, 睡不著就看看蘋果動新聞, 見孫柏文係又笑唔係又笑, 才放鬆了點! 人生, 無論遇到甚麼艱難, 都要沉著應戰, 這是天蠍人的天性, 改不了. 但傻婆還是希望可以笑著面對!

Tax haven = 避稅天堂?

Good point from 香港傳媒茶餐廳

From Yahoo dictionary...

haven
n.
1. 避風港;避難所
vt.
1. 為...提供避難處



heaven
n.
1. 【宗】(常大寫)天國;上帝[U]
May her soul rest in Heaven.
但願她的靈魂在天國安息。
2. 天空[P1]
Millions of stars were shining in the heavens.
天空中繁星閃爍。
3. 極樂;極樂之地[U]
I was in heaven when I heard the news.
我聽到這消息時高興極了。
4. 眾天神;天國居民[P]

Friday, April 03, 2009

1000 posts...

This is in fact the 1000th 雙語 Incoherent thought...

傅穎 - 根本冇走音



我第一次收到呢條片嘅link時,個朋友大大隻字話:「勁走音!」

咁我睇完之後,個結論係唔係淨走音。走音已算係最輕微嘅錯。

一句講晒,佢唱得唔好聽。

我甚至可以話,求其喺太子酒吧區隨機咁搵條女都唱得好過佢。

當然,唱得唔好唔係罪。今次佢成箭靶嘅原因,係因為佢冇heart。香港人對無能其實好寬容,不過冇心機、唔認真,好似喺到玩,跟住仲要有人捧就會火都來。

哎...原本都唔知傅穎係乜水。

不過就係睇完荒X茂先知傅穎咁唔Q長進...

你睇完荒X茂點講,都應該同孫柏文一樣,覺得傅穎浪費咗好多天賜嘅良機。

Thursday, April 02, 2009

Intervista a Greg Sung, fondatore di aNobii



宋漢生!Anobii

乜嘢殺GM? 持份者理論

呢幾年,特區每間請咗啲三流公關嘅公司,都好鍾意講「企業責任」。

咁呢個概念,其實就係嗰啲以前真心想做啲嘢嘅社運分子,因為成家立室,小朋友要讀國際學校,諗出來cap水。

點cap?咪就係當公司管理層,唔係淨係要向股東負責,而係要將盤生意分餅仔咁分畀「持份者stakeholders」,而因你能擺佈啲「持份者 」,就成功cap水。

政客工會抽水埋地雷

咁大家可能會問:「持份者主導管理有乜問題?」問得好!孫柏文今日就學哈佛工商管理嘅教法,用case study講畀你知後果係點。持份者主導管理嘅結果,就係通用汽車 GM!

曾幾何時,通用汽車係世界數一數二管理得好好嘅公司。佢哋嘅總裁Alfred Sloan,直情係管理學嘅宗師。

不過有油水,就會有人想佔便宜。

首先,就有政客、工會想你係又加人工,唔係又加人工。當時管理層計過條數,發覺圍唔到數,所以就唔即時加,不過將個波交畀未來一代解決。即係保證啲工人,退休後公司有豐厚嘅長俸。

搞到今日,每個返工嘅 GM 工人,要背負起超過一個退休工人。

跟住又有政府想印鈔票,但又想控制通脹,通過法例唔畀工資上升。令公司要搶工人,就走位保證提供醫療福利。搞到「偉哥」嘅最大買家,係通用汽車。

大家諗住奧巴馬今次會撥亂反正?No,因為佢又要通用汽車擔起「幫美戒石油」嘅責任。

GM?Gutted Mess。