The Bankruptcy Of General Motors

by Pejman Yousefzadeh on June 1, 2009

I welcome it, to the degree that something like this can be welcomed. Of course, I would much prefer that we never had to visit this situation, but it is clear that GM’s problems are not going to be fixed in the short term, which is why bankruptcy was the only option and which is why it should have occurred a long time ago so that the necessary reorganization could have taken place by now, and so that we would have been spared the need to offer bailout money to GM.

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