K9Buck
Platinum Member
- Dec 25, 2009
- 15,907
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- #21
Makes sense in theory. In reality? Not so much. If GM goes bankrupt, the tens of millions who own GM vehicles are screwed in terms of the warranties, repairs, re-sale value, etc... The spin-off industries due to lateral integration of parts, supplies, etc... go belly up injuring Ford, Chrysler and other domestic makers.
Wrong. The bankruptcy court would have required that the warranty holders be protected and that their warranties be honored by whomever purchased GM. The only losers in GM going through the bankruptcy process would have been the union goons at the UAW and THAT is why Obama bailed them out with someone else's money. Obama REWARDED their shitty business practice, and you supported it.