Comments on: GM Fights for Survival, Prepares for Bankruptcy

By: After a Tough First Quarter, Investors Have Cause For Cautious Optimism

After a Tough First Quarter, Investors Have Cause For Cautious Optimism — Fri, 05 Feb 2010 16:17:00 +0000

[...] Nor did the trouble stop with the banks. Two of the U.S. Big Three automakers – General Motors Corp. (GM) and Chrysler LLC – moved closer to bankruptcy as the government rejected the American carmakers’ plans for reorganizing. Indeed, the Obama administration even “suggested” GM’s CEO pursue other endeavors, and laid down serious guidelines regarding future intervention. Even so, bankruptcy may be unavoidable. [...]

By: After a Tough First Quarter, Investors Have Cause For Cautious Optimism

After a Tough First Quarter, Investors Have Cause For Cautious Optimism — Tue, 14 Apr 2009 14:07:32 +0000

[...] Nor did the trouble stop with the banks. Two of the U.S. Big Three automakers – General Motors Corp. (GM) and Chrysler LLC – moved closer to bankruptcy as the government rejected the American carmakers' plans for reorganizing. Indeed, the Obama administration even "suggested" GM's CEO pursue other endeavors, and laid down serious guidelines regarding future intervention. Even so, bankruptcy may be unavoidable. [...]

By: Johnathan Vrozos

Johnathan Vrozos — Fri, 10 Apr 2009 11:46:01 +0000

This is one Bankruptcy the Receivers of the Government (albeit private enterprise) are dying to get. The fees will be astronomical!!!