Is it time for GM to go down? What would be the ramifications?

[MaryCheneysAccessory]

Would we all be driving higher quality Toyotas?

 

[BekindtoAnimals22]

If they file bankruptcy, the auto manufacturers will probably become a debtor in possession of the US government until they restructure so they can become a viable company. It is probably the only way the union will realize they have to go backwards some more in order for that to happen. Sad but true.

 

[Starting over]

none there will be a new gm to take its place with more control over its destiny ..the unions will be out of a job until they learn that a floor sweeper isn't worth 45 bucks a hour ..and i bet the new gm will build better cars just so they can get ahead ..don't let folks fool you into thinking that just because a company goes bust ,that a new and better company wont take its place

 

[trigunmarksman]

80,000 more people on unemployment, a lot of debts that will go unpaid to bond holders, and we cannot forget investors.

All in all, GM should fail because they are unprofitable and a serious drain on Taxpayer money.

 

[lemontreesg]

I second that let them fail its their own fault