"DEALERS WILL CLOSE. Jobs will disappear. Customers may flee. With General Motors in bankruptcy, millions of GM workers and other Americans will suffer the collateral damage."
I just copied the first sentence of that article. You cannot compare GM to PG&E. Here no jobs are disappearing, 16 Million customers are not fleeing. Assets are far exceeding Liabilities. GM bailout was for political reasons, the Unions exerted great pressure with the politicians. Anyway if you are short good luck, see you in the '20s.
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