Monday, February 16, 2009
A GM Bankruptcy?
I say, go for it! If in fact it's a viable plan, it seems like a much better option than limping along, surviving only with infusions of taxpayer money.
The viability of a GM bankruptcy might also give Congress the backbone to give Cerberus the overdue instruction that it needs to live up to its claims of being a turnaround specialist, and require it to pay for its own mistakes.