"Wilbur Hubbard" wrote in message
anews.com...

Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your
vast repertoire of MBA knowledge (unless you want to continue parroting
the false dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States



You're attempting to educate Gaynze about bankruptcy?
Bwwahahahhahahahhahah!

Hey, he's morally bankrupt so surely he knows all about it.

Wilbur Hubbard


Here's the education----

GM's net assets are listed he

http://finance.yahoo.com/q/bs?s=GM

As of June 08, they have net assets of $136 billion. The largest bankruptcy
in history occurred in Sept 08 with assets of over $600 billion. It's right
on the bankruptcy link. So why is the concern over GM bankruptcy, which is
only 20% of the largest? Throw in the 2 other automakers and it still is
much less than a $600 billion + bankruptcy.

It's all about having the public subsidize the plush union benefits at the
expense of those who have much, much less.

Look for the union label on the baseball bat coming through the windshield!

Ganz can't be educated. He merely repeats what he is told, very little - if
any - thinking goes on between his ears. But that's Dave's puppet show - an
enjoyable one indeed!

Thankfully we have brilliant, masterful people such as you, Wilbur Hubbard,
to counteract the masses of drooling, unthinking, knee jerk liberals.