Comment

GM CEO: Thanks for the Money, I Think We'll Declare Bankruptcy Now

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Canoe Train3/31/2009 2:01:45 pm PDT

re: #363 SixDegrees

Indeed. I’m thinkng along the same lines.

I wonder how this situation would compare or contrast with that of, say, the Rock Island RR, or the Milwaukee Road ? Those were two companies that folks used to think would be around “forever,” yet, by the middle of the 1980s, both were out of business, and in the process of liquidation.