Seeking Alpha
  • David White
    When you start hearing about GM contemplating bankruptcy again, you know things aren't going that well in the US economy.
    6/15/12
    Reply (6)
    • Canary Cash: Are you hearing this or is this the "canary" so to speak?
      6/15/12
    • chuckholladay: GM President said bankruptcy might be a alternative. I believe I saw that on Yahoo Finance.
      6/15/12
    • David White: Canary: Yes it was in the news. GM still wants to negotiate more with the unions. It is doubtful that it can do it successfully,
      6/15/12
    • David White: except in bankruptcy. Apparently some of the benefits, etc. are just too expensive to allow GM to be profitable longer term.
      6/15/12
    • DeepValueLover: Does GM have enough cash to avoid bankruptcy (again)?
      6/15/12
    • David White: It doesn't seem to be really close to bankruptcy at the moment, but it contends it cannot go on as things are. It's trying to negotiate.
      6/15/12