AIGGUY

The Tyranny of the Shareholders

Are you Mr. Jimmy from the Stones tune, "You can't always get what you want?"


On Dec 03 12:34 PM Mister Jimmy wrote:

> Don't be so short-sighted, Felix. The issue is that 80% of consumers
> surveyed stated they would not buy a vehicle from an automaker in
> bankruptcy. So, Chapter 11, pre-packaged or not, would likely culminate
> in a Chapter 7 liquidation. The collapse of the domestic industry
> would follow with a cost to the taxpayers of hundreds of billions
> of dollars.