To: patton
"Doesn't make sense, before GM dumps its pension benefit liabilities. Worth a lot more, after."
The only way to do that is through bankruptcy and defaulting on the pension fund?
17 posted on
06/30/2006 1:41:48 PM PDT by
brownsfan
(It's not a war on terror... it's a war with islam.)
To: brownsfan
GM IS bankrupt, they just haven't admitted it yet. So why would anyone buy it?
19 posted on
06/30/2006 1:43:19 PM PDT by
patton
(...in spit of it all...)
To: brownsfan
Kerkorian was trying to get control of GM, to bust off GMAC, BTW. GMAC is going gangbusters, GM has all the liability.
Maybe this is another move in that direction.
21 posted on
06/30/2006 1:46:56 PM PDT by
patton
(...in spit of it all...)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson