GM Files for Chapter 11 Bankruptcy
Add a Comment
Login
Comments (11)
mmr66
i feel sorry for all the hard workrs that are going to lose their jobs :-(
June 2, 2009 11:31 am
mnovakowski
This is it for support of GM? So are we supposed to believe that if things go badly, as many people think they will, then the government will just kiss off $50 billion? The government should have never started down this path.
June 2, 2009 12:17 pm
genie
The only way the US taxpayer will get all their money back is if GMs share price increased by over 58 times. Somehow I think all those promises that the funding were 'loans' and would be paid back are about to be shown as the lies they were.
The problem with this whole thing is that the Obama administration has calculated that it would cost more for GM to fail, however missing the point that the loss of GM would after a year or two of turmoil, greatly strengthen the remaining automotive industry.
June 2, 2009 1:04 pm
blay
It's a shame that it had to end this way but I guess this is a reminder to all the car companies in the world. Don't make crappy cars.
June 2, 2009 1:04 pm
Kane
obama is taking over the world. after its out of bankrupcy, they will own 60% of the company!!!
June 2, 2009 1:58 pm
dmanero
The administration plans to sell back the company to GM bit by bit by 2018.
June 2, 2009 2:52 pm
736939
Thank You mister George Bush that after decades of successful work of GeneralMotors u began this war in Iraq
which whose the main reason of biggest economic crisis in the world.
June 2, 2009 3:59 pm
736939
George Bush - killer of GM /
big thanks to George Bush - from Osama BinLaden, from Ho-She-Min, from Adolf Hittler and another biggest enemies of USA. He done the work which they never dreamed .
Good Job mister X-presidend ;)
June 2, 2009 4:07 pm
harshreality
All of this isnt going to matter if they keep making low quality, crappy, low tech cars that are horrible to drive that nobody wants to buy
June 2, 2009 5:04 pm
