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I work for a financial services firm.

I have seen the paperwork up close - many times.

And yes, GM most certainly did declare bankruptcy.

For anyone to declare otherwise - well, they are an idiot.

"And yes, GM most certainly did declare bankruptcy."

Really? I thought part of the idea of TARP and soon after the STIMULAS was to keep GM and Chrysler from filing for bankruptcy (too big to fail as in Lehman Bros). Guess I didn't pay enough attention, as I was more focused on the banking/mortgage situation of AIG, Lehman, Goldman, et al., and how the dominoes were falling that could bankrupt the world.

BTW, one of the best movies to come out of Hollywood (HBO) about the 2008 crisis was called, "To Big To Fail". They had all the players in real time and walked through the crisis (Geitner was even sitting at the table with the Treasury Secretary) as all the biggest financial CEO's were trying to figure their way out. Eventually, they had to agree to Fedgov interference to save their own ass.

The only thing they didn't show was the push by the Fedgov for many years before on the banks/mortgage lenders to provide "opportunities" to low income people who couldn't afford their payments. They touched on it, but that should have had more weight since it was the original cause of the real estate collapse.

Then, the bankers got greedy and "churned" loans and placed such loans into derivatives and exchanged between themselves and others and we know the results.

We're going to be dealing with the socialist's equal outcome home ownership ideals for years. I personally believe we are experiencing a Japan lost decade of growth.

LMAO!...U may have slept on some GM paperwork somewhere..
but you have no idea of the “UNPRECEDENTED” fraud committed on GM bond holders.......that ain't your regular bankruptcy............. I mean..if your cat had kittens in your oven.... Would u think of them as biscuits?