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Here is a $500,000,000 bill lying on the sidwewalk:

Bernard Simon: Shares in old GM climb to value ‘worthless’ company at $500m: The old General Motors died in a US bankruptcy court last summer. But its shares remain very much alive. So alive that as the rest of Wall Street took its biggest tumble of the year on Friday, shares of the old GM, now known as Motors Liquidation Company, gained another 3 per cent, giving the legacy company a market value of close to $500m (£306m). In spite of repeated warnings from the restructured GM, the Securities and Exchange Commission and others tha…   Read More