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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: BWAC who wrote (165106)11/18/2008 5:36:45 PM
From: AggieRead Replies (4) of 306849
 
Just saw a talking head on CNN - obvious industry spokesperson - waxing epic about the cataclysm that will happen, should the eminently obviously sensible bailout fail to materialize. No cars anywhere! No parts anywhere! No imports anywhere! Life, as we know it, will cease.

Geez. All over a little bailout money, talk about bang for your buck! This could be quite a show, if properly managed, for us taxpayers.

Trouble is, no one that I hear is talking about the actual scenario, just the disaster scenario (whereby GM and Ford disappear from the face of the earth before 2009, without a trace).

GM and Ford will NOT shut down, as the more astute here have said. We have Ch 11 and Ch 13 as protective measures against just such catastrophic impacts to heavy industry and service sectors.

Could anyone here speculate outcome if Ch 11 is taken? What would be the actual events as they unfold?

Thanks

Aggie
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