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Design1stCode2nd · 11-03-2008, 12:31 PM

Current reports peg GM with 17bil cash on hand with a need of 11-14bil to be on hand to operate daily so you have 3-6bil left and they have a current cash burn of 1bil. The math is pretty simple if these figures are correct (excluding cash infusions, etc.) GM would be forced to file Chap. 11 in 3-6 months whether they want to or not.

If they can last to Jan and ***** I'd expect an emergency bailout bill to be pushed through to save the bacon.

11-03-2008, 12:31 PM	#20
Design1stCode2nd Drives: four wheels Join Date: Oct 2007 Location: usa Posts: 585	Current reports peg GM with 17bil cash on hand with a need of 11-14bil to be on hand to operate daily so you have 3-6bil left and they have a current cash burn of 1bil. The math is pretty simple if these figures are correct (excluding cash infusions, etc.) GM would be forced to file Chap. 11 in 3-6 months whether they want to or not. If they can last to Jan and ***** I'd expect an emergency bailout bill to be pushed through to save the bacon. Last edited by GTAHVIT; 11-03-2008 at 02:10 PM. Reason: Sorry Stict policy against political and campaign discussion.