Originally posted by MadMerc97:
Trust me, if the government bailed out Chrysler, they sure as shootin will bail out GM. There's no way the Gov't would let GM roll over and die.



I'm not so sure that will happen this time. You do realize that Chrysler was given a loan that they had to repay. They were able to repay it because Lee did a fantastic job doing whatever it took to get the American public to flock to the then throughly modern K-cars and their derivitives.

GM clearly isn't capable of pulling off what Lee did for Chrysler at this point in time or they wouldn't be reporting such hideous losses. The Government won't just give GM money, they will loan it to them. When GM can't pay it back, the Government won't just forgive the loan. At that point the Gov't will be able to sell off GM's assets to repay the loan. The problem with this is, who is going to buy GM's assets?