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To: rich evans who wrote (474492)	2/29/2012 4:07:50 PM
From: Bearcatbob	Respond to of 794216

Thanks Rich, I have spent some time trying to research this today. My understanding was that the stock went to the VEBA and that GM still has an almost $20 billion pension liability. Bob

To: rich evans who wrote (474492)	2/29/2012 4:23:08 PM
From: sm1th	2 Recommendations Respond to of 794216

When GM went bankrupt, there was noone except the goverment to keep it operating. This claim is widely asserted to justify the action, but of course it wasn't tested. You are probably correct that no buyer could have been found for all of GM, but in BR many of the better pieces would have been bought, and the bad ones were shut down anyway. PGB would have been stuck with most of the pension costs, but otherwise no taxpayer money would heve been required.