mnope, plus the fact that he will suck more power from this move. Can you say government bailout and control eventually?
the last paragraph of the article sums it up:
If the Obama administration does not intervene and Stillwater fails to get relief through bankruptcy court, the company would have to file a claim for its losses and line up alongside the automaker’s many other creditors.
It’s not uncommon in such cases for creditors to walk away with pennies on every dollar owed.
Beyond its GM contract woes, Stillwater Mining has been hit by falling commodity prices that last year led it to shed 16 percent of its work force.
The company in May reported a first-quarter loss of $11.6 million, on revenue of $85.8 million. That’s down from a 2008 first-quarter profit of $2.8 million, on revenue of $186.4 million.