SoCalsurfbum

Reasons to Bail Out GM

Why give $25 billion to 2 companies whose combine market cap is $6 billion. Buy them both outright... then you can hand it over to people that might have a better chance of turning it around, like a PE model... and break the union albatross while you are at it.

All of the guys running the companies now were running it 8 years ago when they had a lot more money and a mandate to change and you can see what they did with it.

Buy it and clean out the C-suite. Float it for a couple years then flip it.