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XDCX · 12-12-2012, 08:44 AM

Thanks for the link - that was interesting.

Like the analysts who expressed their opinion in the report, I highly doubt the Judge will force GM back into bankruptcy but he's clearly angered by the way GM and their attorneys kept the issue of the payment to the Hedge Funds silent.

It's also interesting that GM's CFO is on record that the lawsuit may force GM to take a $918 Million charge. That's big money - even for GM.

I was never a fan on the "quick-rinse" bankruptcy concept for GM and Chrysler and in my opinion the report you posted shows another example of why it wasn't the correct course of action.

12-12-2012, 08:44 AM	#2
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	Thanks for the link - that was interesting. Like the analysts who expressed their opinion in the report, I highly doubt the Judge will force GM back into bankruptcy but he's clearly angered by the way GM and their attorneys kept the issue of the payment to the Hedge Funds silent. It's also interesting that GM's CFO is on record that the lawsuit may force GM to take a $918 Million charge. That's big money - even for GM. I was never a fan on the "quick-rinse" bankruptcy concept for GM and Chrysler and in my opinion the report you posted shows another example of why it wasn't the correct course of action.