Comment

Auto Industry Bankruptcy Watch

26
Kosh's Shadow5/28/2009 12:12:18 pm PDT

re: #21 Killgore Trout

Yes. The government will soon sell their shares at a profit. This isn’t a permanent nationalization of the company.

That assumes GM recovers; that is not at all assured.
First, people who know how to make cars aren’t going to thrive in this environment, and second, the government interference (build “green” cars, not cars people actually want) will make it worse.