Index Beating

GM Files for Chapter 11, What Next?

June 1, 2009 · Leave a Comment


By Joe Chase of IndexBeating.com

Now that GM has officially filed for Chapter 11, the old poll asking what will happen to GM has partially been answered.  I want to know what everyone thinks they should do; let them fail?  Keep them going at any cost?  Give them to the UAW?  Any other ideas out there?  I must say, I can’t think of a very good answer for all this, and I don’t think that they are dealing with the major underlying problems by going through the bankruptcy process.

Categories: Bail Out · Business · Economics · Investing
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