Quote:
Originally Posted by gtahvit
Under the rule of LAW, I'm fine with that. Other than the bankruptcy laws aren't really designed for a company the size of GM. But that is the law.
The Feds are acting of their own accord which I don't like. I'd much prefer Bankruptcy than this.
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Personally, I think that is what all of this is leading to: Fire the CEO, fire the Board of Directors, put your own crownies in, ask for dealership concessions (which are impossible under current laws), offer warranty protection and supplier provisions and assurances. Getting ready to drop the Chapter 11 hammer if you ask me.