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Old 12-18-2008, 02:31 PM
 
Location: Hope, AR
1,505 posts, read 2,855,844 times
Reputation: 248

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http://www.nytimes.com/2008/12/19/bu...o.html?_r=1&hp
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Old 12-18-2008, 03:23 PM
 
Location: Houston, TX
17,031 posts, read 27,572,882 times
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It may be the best thing for the industry. People are buying cars, just not as many GMs.
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Old 12-18-2008, 04:03 PM
 
28,453 posts, read 73,528,339 times
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Sounds like the best option"

"...other studies have shown that consumers would be assured if the companies received federal assistance, even if they end up in bankruptcy protection. ... In a strong economy, we would probably come to that conclusion as well. But we don’t have a strong economy today. We’re in the middle of a recession, and we have continued credit and financial market issues that we’re trying to work through.”
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Old 12-18-2008, 08:30 PM
 
Location: Hope, AR
1,505 posts, read 2,855,844 times
Reputation: 248
Is an orderly Bankruptcy sort of like a controlled demolition of a building?
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