[Steve1968LS2]

It's all a scam..

I heard two weeks ago that they were going to do it on June 1st... This whole "we are trying to work until the last minute to avoid it" was just BS.

I really don't mind GM going Chap 11 and reorganizing their business.. they should have done it 6 months ago. What I mind is our government owning 70 percent of a private company and rewriting bankruptcy law to screw over the small investors and benefit the unions. Yep, the same unions that REALLY supported them in the elections and donated tons of cash. Really stinks.

I also have no faith the US govt can run GM, especially one so idealistic. I can just see it now when they kill the cars people want and "direct" GM to make a lot more tiny cars that don't sell. I also see problems with anit-trust issues. I'm sure all govt fleets will have to be GM, etc. No competative bidding. Ford was brilliant not to take the "bailout" cash.