We didn’t bail out GM, we bailed out the Unions which destroyed GM. By nit declaring Ch 11 and getting the contracts in line with industry standards, they have kicked the can down the road.
...........We didnt bail out GM, we bailed out the Unions which destroyed GM..................
And as GM earned $4 billion, and Zer0’s team gave away 40% of GM equity to the unions, the unions get credit of $1.6 billion in this year’s pretax profit,
while the US taxpayers take $10 billion in the shorts, and get no income tax revenue from GM’s success.