re: #180 FurryOldGuyJeans

Let’s all get distracted by shiny things and ignore the rest of reality:

GM makes new bondholder offer ahead of bankruptcy

Hi Furry! I agree with ya. Every time I see a new article on the GM situation, the government ends up with a higher percentage (e.g., 69 percent yesterday, 71.5 percent today). The situation with GM and Chrysler cannot possible be resolved successfully under these conditions.

As I posted yesterday, if I begin to see the divestiture of ownership by the government - sooner rather than later - I will assume it was merely an attempt (albeit not a very wise one) to stave off disaster.

If I do not see divestiture, and it would be hard for bureaucrats to give up power/revenue - I will assume it is socialism and expect to see more of it.