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Originally Posted by CIWS  The government will not allow GM or Ford to go out of business. They may sit back and allow Chapter 11, although I'm leaning toward that not happening at this time, but if they let them go completely under in the next couple of years the economic repercussions would be too dramatic. At that point anyone's warranty will be the last thing on our minds. |
I like how the governor of Alabama keeps going on TV saying the Big 3 should declare BK and fail. Strange coincidence that he has Japanese auto plants all over his state.
I also like how the rich execs on Wall Street are also pushing for a Big 3 BK, even as they take bailout TARP money from the government.
Lets hope Obama and Co. stick up for the American automakers and keep American autos and jobs in tact. A spade is a spade, GM would be out of business if the existing regime were sticking around.