GATA was talking to that congressional chairman about gold six years ago

Section:

By Bill Koenig
Bloomberg News Service
Tuesday, April 5, 2005

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aC47QSISEyUs&refer=home#

SOUTHFIELD, Mich. -- General Motors Corp.'s debt ratings were cut
one notch to Baa3, the lowest investment grade, by Moody's Investors
Service. The ratings company also said it was reviewing Ford Motor
Co.'s debt for a possible downgrade.

Moody's said the cut at GM stems from "an uncompetitive fixed-cost
structure" and "steadily declining market share." Moody's began
reviewing GM's ratings on March 16, when the automaker forecast its
biggest quarterly loss since 1992.

The review of Ford's ratings was prompted by "increasing risk." Ford
may not meet a 2006 target of $7 billion in pretax profits. Moody's
rates Ford debt at Baa1, three levels above non-investment grade.

GM and Ford, the two biggest U.S. automakers, have lost market share
to Toyota Motor Corp. and other competitors. GM's market share
declined to 25.7 percent in the first quarter from 27 percent a year
ago while Ford declined to 19.5 percent during the period from 20.4
percent a year ago.

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