earthman2008

Should GM Be Saved?

The best scenario, of the bleak possible outcomes from this article, seems to be, let them fail. Then and only then, infuse government backed credit at reasonable rates to help them recover and collect the money back over time as they build steam. The issue seems to hinge on whether, after filing, GM would have enough access to credit to continue on its path to retooling and competitiveness in the auto market. That way the money is not going down the rathole it is invested in a fighting chance. Does this make sense? Responses welcome.