Dividends Anonymous

Let GM Fail

This is what Chapter 11 protection is properly used for - to protect a company from creditors as they restructure properly or fold. GM will not go away forever, but their business model is not sustainable. Their expenses are too high, revenues too low and products are not competitive with foreign competition. Management for far too long has been reactive vs. proactive and that gets you owned in the real world. I understand that the company is huge, employs lots of workers directly/indirectly and many pensioners - but it needs to restructure and the only way to do that so something is left is through Chapter 11.