re: #14 Killgore Trout
I think it was to give them enough time to control the process and restructure instead of just imploding and disappearing.
A company that badly managed might need to implode and disappear. Sure, doing so would give a big hit to our economy, but after they go belly up, we can start to recover economically, leaner and more efficient.
This way, we’ve just shackled ourselves to a ponderous, sick and gangrenous patient. GM will drag down our national economy for years to come. Better to have made a clean break and get the pain over with.