Quote:
Originally Posted by CamaroSkooter
Chapter 11 isn't only about reorganizing/restructuring. 
But you're right, Chapter 11 only works if financing is available. However, I don't think that would have been an issue for GM. And even if it had been, I don't think allowing the government to purchase stocks in the company should ever have been on the table.
But hey, we are where we are now regardless of how we feel it should have been handled. |
I agree, i still,believe they would have come out a lot better without, the Feds messing with it..that's just my opinion , and you know what they said opinions are like a--holes everybody has one...