Looks like nothing is going to happen during the lame duck session….And we can most likely rule out private equity investments. I think private equity learned their lesson with Chrysler….And I don’t blame them…Why would private equity or another company invest now when there’s a higher probability of BK before the year end..at which companies can pick GM/ford/chrysler clean without dealing with existing contracts…
I really hope UAW realizes really soon GM isn’t kidding this time about BK….
