How to lose $39 Billion

They don’t teach you how to do this in business school, but GM has announced a third quarter lossof $39 billion.  This is one of the largest quarterly corporate deficiets EVER.  Man that is a HUGE.  How do you lose that much in a quarter?  How do you loss that much in a life time?

If you read deeper into it you will find the news mentioned something about tax write offs?  I am not an accountant, but I have done financial reporting for departments in large corporations.  Things sseemed to be doing a bit better with the last three quarters ending in profits, but apparently that was just bogus, inflated or bull*&^$ (take your choice).  It is kinda crazy a company can hid losses that big for such a long time.

Either-way, it would be nice to be in a position to have that money to lose.