My finance view

Whether it’s a matter of ignorance or greed, people are still buying General Motors stock, even though the government has warned that the shares will someday be worthless.

On Thursday, investors traded 13.9 million shares. Analysts and regulators say two groups are buying: people who think they are getting shares of the new GM for cheap, and day traders or institutional investors hoping for short-term gains as others buy the stock free credit report and score.

GM and federal regulators say they have done all they can to warn investors, giving old GM the appropriate moniker of Motors Liquidation Co., and issuing multiple public warnings.

The Associated Press

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