On Sat, 15 Nov 2008 14:00:46 +0000, Tom Francis - SWSports wrote:


My own feeling is that let 'em go. Do the pre-pack, restructure to a
smaller, leaner, less expensive operation, drop a number of lines that
make no sense (like Hummer) and start competing again as a more
efficient and cost effective company.

GM deserves to go down, but ... We are now spending $1 trillion to put
liquidity *and* confidence back in our markets. What does letting GM go
down do to that confidence? I don't see a choice. I don't like it, but
I think we have to do something to help GM.