Government Motors is alive........?

[marv]

Not so quick!
http://freebeacon.com/general-motors-is-alive-for-now/

(snip)

A backroom deal hatched by General Motors during the auto bailout to fulfill the Obama administration’s demand for a quick bankruptcy could be reversed, draining the automaker of nearly all of its cash on hand and leaving it in worse shape than it was when it collapsed in 2009.

(snip)

GM’s stock has fallen nearly 40 percent since its record-setting IPO in 2010 after dismal European sales. In addition to owing U.S. taxpayers $27 billion, its lending arm, ResCap, a subsidiary of GM, has filed for bankruptcy after making risky gambles on the housing market.

“We have Pandora’s Box on our hands,” said a financial analyst. “I guess that’s the nicest term I can find for clusterf—k.”

It's a complicated issue and needs to be read to understand the predicament and the consequences.

[zeitgeist]

Not so quick!
http://freebeacon.com/general-motors-is-alive-for-now/
It's a complicated issue and needs to be read to understand the predicament and the consequences.

My guess is the judge will meet a fat hairy guy named Guido who will explain this all to him after which he will walk with a limp if he is lucky.