IF you were to read this correctly and understand it, THE President Obama the banana's task force hired the Bankruptcy Lawyer, GM's CEO standing position is this is not a option and trying to avoid at all costs and they are making the cuts to keep them viable.
Basically the group will advise them that in the event GM does file bankruptcy because the aid will not be there for them, is the cost going to be higher then giving them the aid or not.
Advisors have stated previously that if GM did file bankruptcy, it could cost the U.S. Government between 80 billion to 110 billion dollars.
Therefore, we know the better option already and that is the U.S. Government will grant them the aid to be available with of course stipulations.
This is a absolute no-brainer to make absolute profit of this. Dont like GM but I will take there money.
And as far as the Obama Freak, He is making things very difficult on the market and far worse. I hope all remember when he said he was going after the banks a little over a month ago, the next day they all were in the negative. Now that is one hell of a way to manipulate the market prices and for whos financial gain?, Obamas Party!?