general motors slumps to 1930s prices

This is hard to believe.

"General Motors plunged 20.2pc to $1.15, a price not seen since the early 1930s.

The fall came after several GM executives, including the vice president, said they had sold much of their holdings in the ailing company.

Should GM file for bankcruptcy and be restructured, the shares will probably be worthless."

Reuters.