Motors Liquidation Company (fka MTLQQ)

[I-Man]

I believe GM will be fine too but laugh how the unions who backed Obama will have to eat crow as they are going to have to live in reality and make changes to cut costs for once in their greedy lives if GM or any other is to stay competitive and survive long term. After all, this is the New Global World environment as they say and the unions can't have their liberal Democrat cake and eat it too any longer....

As for bailout, that is bad phrase to use with GM or others in auto industry, as a lower interest loan is NOT welfare or free handout, and the principal and interest will have to be repaid much like Chrysler did back in 80's.

A bailout is the pure grant-like scenario of free handout monies which the big banks received with no oversight or disclosure which is pure criminal in my mind; as it was the banks to begin with who created all of this mess from the top on down... At least we can use cars, but can do without greedy backstabbing bankers...