General Motors, Alien Civilizations, and Black-Scholes. Got your attention?

[mdsalemi]

Here is an interesting article on the financial mess and convoluted situation particularly related to the new General Motors.

http://www.freep.com/article/20100418/COL06/4180485/1322/GMs-value-higher-than-Fords

Yes, the headline is "GM's [market] value higher than Ford's" which is the grabber headline.  If you want to know a little bit about your tax dollars, Americans, you can read it there.    I particularly like the part about partial differential equations and the Black-Scholes formula, which the author believes was developed by an alien civilization.  Back in B-School in the early 1980's, my feelings on Black-Scholes were identical.  Aliens. http://en.wikipedia.org/wiki/Black%E2%80%93Scholes

I don't write this stuff, I just point you to it!

(posted for information and enjoyment only, not for fervent debate on bailouts, Ford, GM, unions etc.)

[glenn]

Mike, A couple years ago-before GM was definitely going down-the GM 5 puts were going for 50 cents and the 10 puts were a nickle.  Some body was betting big time that GM was done.  George Soros???  Whitacre(sp) at GM is a do-er.  He just might do it. ..