Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (438038)	12/4/2008 10:00:24 AM
From: i-node	Read Replies (2) of 1573746

Would you buy a car from, say, BMW if you thought they were going bankrupt within two months? This issue keeps coming up and the answer is that RATIONAL people would much sooner buy a car from a GM in bankruptcy than one which is reliant on the federal government for handouts. A GM reliant on handouts is going to continue to have the union deals that have brought them to this place. A GM that is in bankruptcy will have the strong arm of the court to strike down these contracts made, in effect, under duress. Thus, GM has a much greater chance of surviving via Chapter 11 than it does with a government handout. So, thinking people (and I agree there aren't too many) will comprehend that a GM in Chapter 11 is probably safe to buy from but one receiving government handouts probably has its days numbered.

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