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david is right. GM has survived these many years solely on the strength of its past greatness. It is and has been saddled with debt. Even if someday they were to make consistent profits, the gargantuan debt would crush them. Better to declare bankruptcy, sell assets, slim down, unwind the debt and start fresh.
Jul 09 19:34 pm
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All Comments by Stephen Rosenman »General Motors: General Malaise [View article]