Friday, August 01, 2008

My jaw continues to stay open...

CNN Money headlines
UPDATE: GM Loses $15.5 Billion As Sales Plunge, Charges Mount
is just Q2 loss - i.e. in a 3 month period. Is this funny money, is this real money. Can we make sense of WT$ this means to a lay man.

How does a company send this information out, lose "investor confidence" but talk about "putting this behind us". How many layers of funny talk and magic financial numbers are we hiding behind.

Forget GM shareholders --- what does this mean to the auto industry in the country?

This is not just GM though, we saw almost all the big financial institutions do this and continue to do this. What needs to happen before there is a outcry for clarity and simplicity in messaging?