Open Question
So will this be the week that investors finally come to their senses and realize
that a GM bankruptcy would be 'catastrophic?' That was the word used by an auto
industry analyst on NBR last Friday. Not to mention Chrysler, so I won't mention
it.
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obviously a lightning rod issue, but I agree with Patrick's comments. I
understand the ramifications, and admit that they're not good.
That said, I come from the school that says any sort of artificial intervention
does more harm than good.
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gm going bankrupt would not be catastrophic,,they would just be filing for
protection,what would be catastrophic is giving billions and billions so they
could piss it away then ask for more while at the same time fire half the line
worker over the rest of this year to downsize,them filing for banruptcy is the
righjt thing to do ,i saves us money and saves more jobs in the long run. .just
because they file does not mean they will not exist,it means they surrive
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