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Any deal without a pre-pack chap 11 will be a waste. If its a government backed warrant like the guy from Moody is suggesting and I can be sure of parts down the road and there is monetarily compensation (incentives) then I would buy one.
If they write a blank check and give them 34 bil. they will be back within a year (at least GM and Chrysler).
Already people are not buying D3 vehicles because of the hearings now among other reasons.
If its' pushed as a federally backed restructuring under chapter 11 and there is frank and honest discussion with the American people on how the D3 will return to profitability I think you would have buyers.
They do need to wipe management clean as well as the BoD except for Mullaly.
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