At these prices it seems like the market is almost betting on a GM bankruptcy. But the incoming administration and lawmakers seem to feel this can't happen, no matter what the cost. Is there more a risk the government will bail out GM in such a way to wipe out shareholder value or at least greatly dilute it, a la AIG?
http://finance.google.com/finance?client=ob&q=NYSE:GM
http://finance.google.com/finance?client=ob&q=NYSE:GM