Comments on: The US Won’t Let GM (GM) Go Bankrupt http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/ Insightful Analysis and Commentary for U.S. and Global Equity Investors Sun, 15 Feb 2009 02:18:24 +0000 hourly 1 http://wordpress.com/ By: Avant_Guard http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-507 Sun, 15 Feb 2009 02:18:24 +0000 http://247wallst.com/?p=24281#comment-507 I think the most likely scenario is for GM to file Chapter 11 and get $25 billion in DIP financing from the TARP II. There is no time to get new legislation through Congress and that is the only funding big enough to have a hope of surviving bankruptcy. The stock holders will be wiped out and the bond holders will go to the back of the bus. Perhaps the UAW will get serious about negotiating if a judge can void the current labour contract .

]]> By: DJBastfurnance http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-505 Sun, 15 Feb 2009 01:48:59 +0000 http://247wallst.com/?p=24281#comment-505 The old adage: "We're too big; "they" cannot afford to let us fail". Sad. For America. When a business has been run this poorly for this long its time to let capitalism work. If the administration had real guts, they'd let this thing take a more natural course because ultimately whether we pump billions into GM, it will fail and that's actually…natural. Forests have fires to clear the land for new growth: we let companies fail to make room for new and (hopefully) better ones.

]]> By: OsamaSavesAll http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-503 Sun, 15 Feb 2009 00:25:07 +0000 http://247wallst.com/?p=24281#comment-503 Its the Hood's fault and Osama is to blame for funding.

]]> By: G Alen http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-501 Sat, 14 Feb 2009 23:56:06 +0000 http://247wallst.com/?p=24281#comment-501 For get the UAW its worker all want hand out I say let them go to _ _ _ _! Its not my company that falling apart its there so UAW workers Help your company.

]]> By: Uge http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-498 Sat, 14 Feb 2009 23:16:15 +0000 http://247wallst.com/?p=24281#comment-498 How long the rest of America supposed to support GM and its lazy and corrupt unions? It is the time for GM, its unions, and suppliers to take a huge pay cut.
No more a free lunch. America and its people can not afford them any more.

Either they go broke or the rest of America. I afraid that Obama and the Congress will chose them at American people expense.

]]> By: Gary http://247wallst.com/2009/02/14/the-us-wont-let-gm-gm-go-bankrupt/#comment-497 Sat, 14 Feb 2009 22:01:47 +0000 http://247wallst.com/?p=24281#comment-497 Either your are an idiot or capitalism is dead in America. I am tired of the greed and waste. Let GM go under and the UAW with them.

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