aarc

First Take on GM: Packaged Bankruptcy Inevitable

Like a delicate glass with cracks; the slightest movement can break the glass into pieces.

Re-structure GM once the global economy becomes less fragile or at least already on the way to recovery.

G7 and G20 know how fragile the global economy is. Add the most recent terrost attack in India and the resulting escalation of tensions between India and Thailand - we have a very uncertain future ahead of us in both economic and political fronts.

This can easily lead to global political instability much like what happened after the Great Depression that resulted in the rise of Hitler and World War 2.

This is not lost with the US administration.

A few hundred billions of dollars of bailout or even outright subsidy to the automakers for the next few years can be considered "cheap" if the current financial crises morphed into global political crises the likes of which has never happened in a century.