[nova]

Originally Posted by Russell James

Looking on the bright side, better to be partially/temporarily government owned than the alternative of being done.

I've still never seen a good case that being completely done and liquidated was a serious threat. Regardless of their cash situation that forced them into bankruptcy, they still had a significant amount of residual value in their brands, to make no mention of hard assets, value that was simply not going to be tossed in the trash heap by whomever ended up in control.

The "completely done" argument was based on the wierd assumption that some bond holder or someone buying from a bond holder in liquidation would end up with the Chevrolet/GMC/Buick/Caddilac nameplate and all its assets and then do nothing with it, which to me is simply ridiculous....