Friday, May 22, 2009

GM Leaning Towards Bankruptcy

http://www.nytimes.com/2009/05/23/business/global/23auto.html?_r=1&hp

We have tossed more cash at them than their total debt, so I am pretty baffled about what's up with GM. Tank, go ahead and submit bankruptcy papers and screw the bond holders, they were stupid to invest in a company who's management had no vision. Let the rich bastards move a little closer to the majority of Americans in the middle class.

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