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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (970)11/12/2008 9:42:39 AM
From: DuckTapeSunroof2 Recommendations  Read Replies (1) of 103300
 
Re: "GM is a matter of nation security, we depend on them to build our military tanks and heavy machinery..."

So put them into Conservatorship, wipe out the remaining (small) value of the stock --- it's practically gone already, the entire market cap of GM is only around $6 Billion or so (& it's over-priced at that price), and then extinguish maybe half of the GM debt by converting it into equity in the new post-bankruptcy GM.

Problem solved.

Just don't pour any more public money down the rat hole, 'cause it WILL NOT WORK... GM can only be saved by reducing it's debt load.
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