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Old 12-15-2008, 01:34 PM   #8
Hylton


 
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Drives: fanboys and ass kissers crazy.
Join Date: May 2008
Location: Ottawa, Ontario
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Yes and plenty more than 8 billion. The key is that GM will be a strong company to go forward after a chapter 11 bankruptcy. Assume it get's 8 billion from the White House, what does that do with respect to going forward? Nothing - it just buys another 2 months of keeping it's head above water. They will still be burning through 4 billion a month after the money and will have to come back to the trough yet again. A pre-arranged bankruptcy can actually put them in a position to make money every month instead of losing 4 billion every month.
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