Quote:
Originally Posted by nickspohn
I was optimistic at first about the government helping GM, but for some reason I have this feeling that GM is going to go under...
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GM won't. Chapter 11 would see to that. United's rise from the ashes is a good example of this. Chapter 11 IS NOT THE END OF THE WORLD PEOPLE! It's a means to help the bankrupt entity to get their ducks in a row, lose what stuff IS killing their operations, and then start MAKING money again while having the creditors off their backs.
It's only when they emerge from chapter 11 that they have to start worrying about the IRS and creditors again.
If anything it'd give GM some breathing room to get their s**t together and get that 'Green' prerogative into high gear.