GM Bankruptcy
Posted on: April 9, 2009
It now seems inevitable that GM will file for bankruptcy or undergo some version of a pre-packaged bankruptcy. It is possible that the Government and the markets are underestimating the fallout from this event.
GM has 6500 dealerships in the United States and Toyota has about 2000 and Toyota sells more cars in the US than GM. Clearly there are excesses that have to work their way out, bankruptcy or otherwise.
This might be the catalyst for the next down-leg in the equity markets.
Kollur's Blog 
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