Yes - like GM which cannot fail but to head back down the path to failure due to it's letting Uncle SugarBama into it's business. Got some new life, but the unions still wield too much power.
“Yes - like GM ...”
If you ran an institutional investment fund, is there any way you would buy GM’s bonds in the future? I don’t see how anyone would loan them money after the way bondholders were treated by Obama and his Chicago friends. GM is hopelessly tethered to the Fed. Gov’t mob now that they were bailed out by the mob.