Re: GM Facts and Fiction
The true issue is that they have no plan for the money.
Say they get $25B by yelling loud enough... What do they do with it? They will still have all the problems that they had before they had the money; misguided products, union issues, etc... Giving them money now will not change their competitive position or their competitive environment-- It would just be good money chasing bad.
In reality, it's possible that the best thing that happens is that they go Ch. 11, forcing a house-cleaning and review of overall corporate policies/practices that has been needed for four decades.
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11-19-2008, 11:38 PM
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