MSM FUD
Published: December 3rd, 2008
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no_slushbox: great link. Finally I see that the stuff people are discussing like here at TTAC go through to congress. In my view, the argument that no one buys cars from bankrupt manufacturers does not work. Waggoner has admitted early November that GM has a great chance to go bankrupt. Whoever has bought cars since then from GM does not care - I do not see further losses in a prearranged CH11, where the state would e.g. guarantee future warranty claims. Only in CH11 GM will get rid of the numerous burdensome problems. Yes, the state will have to cope with certain items (e.g. compensate for health benefits, pensions etc.), but this will be always much better than keeping GM alive with all of this burdened in an unchanged and forever unprofitable way.
Wow...32 comments later, 2nd page status and y'all are still slugging it out at nearly 8pm!! Good thing the Mrs insisted I go to a local art gallery opening today instead.