[rigelkentaurus]

blah, blah, blah - and what changed during the bankruptcy? Prediction - they will continue to receive taxpayer cash on a regular basis until they are shut down for good, or, they will be back into bankruptcy in the next couple of years.

They make and sell junk cars, have for decades, and I, for one, will never own one of their vehicles.

[SDShack]

You are so correct about nothing changing so Government Motors will need to be continually be bailed out by the taxpayer. What else can you expect when they are 80% owned by the US Govt and the UAW. Like Tchris said, they will be run just like Amtrak and the USPS.

There is one thing that has changed. The bond holders were screwed and will not allow themselves to be burned again. GM still has $50 Billion in debt. They will need to reservice that debt in the future, and you can bet no private equity will buy their junk bonds ever again knowing that they will be screwed by 0zer0. Therefore, no future private equity debt so it will all be funded by the taxpayer in the future in a never ending black hole.