To: BMCinSC
No doubt if GM goes bankrupt again, then a “new new GM” will be formed from all of the assets, while an “old new GM” will remain on paper to handle any problems with GM’s current offerings. And good luck collecting from them too snicker snicker.
13 posted on
08/22/2011 2:54:10 PM PDT by
TwelveOfTwenty
(Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
To: TwelveOfTwenty
No doubt if GM goes bankrupt again, then a “new new GM” will be formed from all of the assets, while an “old new GM” will remain on paper to handle any problems with GM’s current offerings. It's all vaguely reminiscent of the housing mortgage backed security bubble.
25 posted on
08/22/2011 3:45:42 PM PDT by
6SJ7
(atlasShruggedInd = TRUE)
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