GM has evaluated multiple bankruptcy senarios as congress asked them too. These are outlined IN DETAIL in their viability plan submitted last month. ALL of them are bad news. That
should be the end of discussion on this...but everyone's an expert.
And imo -- a bunch of senators' opinions on this is absolutely worthless, as they're all idiots and forever will be. They never make a good decision, never succeed in running anything smoothly or even correctly, but on this subject...well, on this they're suddenly enlightened heroes! The hypocracy of it all stuns me. :(
An open question to anyone who watched the first hearing: How many of those senators live under false assumptions about the Big Three's product lineup? How many of them believe
that is the reason they're failing? How many of them believe the big three "don't make products people want to buy"? And how many of them drive Domestic automobiles? A minority. The vast majority got elected on a foundation of lies and money. We should let these people make a decision about one of the single largest industries in the country?!?!
Let me echo The_Blur's statement:
Call your elected officials.