Quote:
Originally Posted by diddiyo
I didn't say you said you wanted other countries to help  I'm just wondering what your opinion is as you apparently would do anything to keep GM from going ch.11 |
I gave my opinion on that, I guess.
I'm of the opinion that Chapter 11 is FAR to risky a path for General Motors. They're NOT an airline, and they aren't like most other hurting companies in the country. 90% of the things people want to see done via bankruptcy can be done with fewer dollars through loans. That extra 10% just isn't worth it, imo. I'm confident that they can do what needs to be done on their own...
...and for all the ballyhooing about government intervention=evil since the first 700bil....I'm honestly surprised more people don't agree with me.
EDIT: Go to
http://fastlane.gmblogs.com/archives...lity_plan.html
and hit the "plan itself" hyperlink. When the PDF pops up...follow the contents to the Bankruptcy section. For those interested in seeing GM file for Chpt 11...please read it. I don't expect you to change your minds, but it's worth a read from the horse's mouth.