GM Faces potential BK

[macromaniac]

After the 10K release today, auditors feel that GM should face BK protection…..

NO SHIT????????? REALLY??????????

After 6 plus billion thrown down the glory hole over the past few months we finally come to this conclusion???????

You could have paid me $10.00 and I could have told you this in 10 seconds saving the taxpayers 6 BILLION!

Scarlet must be depressed as hell today…..

[svelte]

I think you left off a question mark between the second and third one after REALLY

[svelte]

I think you left off a question mark between the second and third one after REALLY

[svelte]

I think you left off a question mark between the second and third one after REALLY

[svelte]

I think you left off a question mark between the second and third one after REALLY

[svelte]

I think you left off a question mark between the second and third one after REALLY

[macromaniac]

Thanks…I think I just added another one…actually it was two…

[macromaniac]

Thanks…I think I just added another one…actually it was two…

[macromaniac]

Thanks…I think I just added another one…actually it was two…

[macromaniac]

Thanks…I think I just added another one…actually it was two…

[macromaniac]

Thanks…I think I just added another one…actually it was two…

[Rt.66]

Macro are you looking to get another drubbing?

A BK at GM will cost the Gov. (us) $40 billion. GM is part of the country, its veins run through us.

“The banks don’t have enough money, or for that matter the gumption, to provide the billions in debtor in possession (DIP) financing needed for a chapter eleven bankruptcy. Without that DIP financing GM would have to go into a Chapter 7 liquidation which could trigger other bankruptcies in the auto industry, cause more jobs to be lost, and in general create a disastrous situation for an economy already in a recession. The bottom line: If Washington were to throw GM into bankruptcy right now, it would be running the risk of blowing an even bigger hole in the economy.”

Obama’s bailout will cost us $1 trillion to save or create 3 million jobs. $30-$40 billion to the auto makers will do the same thing.

[Rt.66]

Macro are you looking to get another drubbing?

A BK at GM will cost the Gov. (us) $40 billion. GM is part of the country, its veins run through us.

“The banks don’t have enough money, or for that matter the gumption, to provide the billions in debtor in possession (DIP) financing needed for a chapter eleven bankruptcy. Without that DIP financing GM would have to go into a Chapter 7 liquidation which could trigger other bankruptcies in the auto industry, cause more jobs to be lost, and in general create a disastrous situation for an economy already in a recession. The bottom line: If Washington were to throw GM into bankruptcy right now, it would be running the risk of blowing an even bigger hole in the economy.”

Obama’s bailout will cost us $1 trillion to save or create 3 million jobs. $30-$40 billion to the auto makers will do the same thing.

[Rt.66]

Macro are you looking to get another drubbing?

A BK at GM will cost the Gov. (us) $40 billion. GM is part of the country, its veins run through us.

“The banks don’t have enough money, or for that matter the gumption, to provide the billions in debtor in possession (DIP) financing needed for a chapter eleven bankruptcy. Without that DIP financing GM would have to go into a Chapter 7 liquidation which could trigger other bankruptcies in the auto industry, cause more jobs to be lost, and in general create a disastrous situation for an economy already in a recession. The bottom line: If Washington were to throw GM into bankruptcy right now, it would be running the risk of blowing an even bigger hole in the economy.”

Obama’s bailout will cost us $1 trillion to save or create 3 million jobs. $30-$40 billion to the auto makers will do the same thing.

[Rt.66]

Macro are you looking to get another drubbing?

A BK at GM will cost the Gov. (us) $40 billion. GM is part of the country, its veins run through us.

“The banks don’t have enough money, or for that matter the gumption, to provide the billions in debtor in possession (DIP) financing needed for a chapter eleven bankruptcy. Without that DIP financing GM would have to go into a Chapter 7 liquidation which could trigger other bankruptcies in the auto industry, cause more jobs to be lost, and in general create a disastrous situation for an economy already in a recession. The bottom line: If Washington were to throw GM into bankruptcy right now, it would be running the risk of blowing an even bigger hole in the economy.”

Obama’s bailout will cost us $1 trillion to save or create 3 million jobs. $30-$40 billion to the auto makers will do the same thing.

[Author]

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