Quote:
Originally Posted by kylepo
GM has over 30 Billion in debt not including the GOV money. If that is wiped clean no one would loan GM a red cent. they have a neg cash flow and would continue to have a neg cash flow during a chap 11 reorganization. reorgization cost alot of money something GM would only have acces to thorugh either straight loans from the GOV or gov protected loans. search google for the 100 billion figure I have seen in many places.
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I'll have to. Just doesn't compute. No business want to go out of business. The choice in a chap. 11 is work with GM or go out of business. All of this would be worked out during the restructuring. If they give GM the money, it needs to come out of the bill signed by Obama today. We don't need any more parks right now. Oh and these 'Figures' I'm sure don't come from the WIZARDS in the fray right now.