jackh

GM: The Bailout vs. Bankruptcy Meme

Chapter 11 or 7 ...... A GM bankruptcy is almost a world changing event.

In addition to the usual people hurt ..... you have to take into consideration that GM was long considered a "widows & orphans" stock. Retirees, pension plans and others with no direct connection to GM stand to loose a considerable portion of their savings.

This bankruptcy would be felt at WalMart as bad or worse then Wall Street.