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They have been bankrupt for a long time. Since that first bail out dollar was accepted it was over.
BTW I think corporations should be made to suffer for 8 years just like Citizens credit scores. So they can get a taste of what it's like for the average joe plumber.
And the constitution is supposed to seperate the powers. I.E. the executive branch has no business ordering GM around or firing it's CEO. That's only empowered to the bankruptcy judge in the constitution.
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