Source: Wall Street Journal
Friday, May 27, 2011
Auto Bailouts Left Behind Crash Victims
I will never buy a GM or Chrysler vehicle unless they make good on their legal liabilities. It is shameful that this bankruptcy, unlike a "normal" bankruptcy, can purge legal liabilities amounting to $42.6 billion to some 31,598 claimants. Oh, not all was lost, especially if you are the UAW. You came out smelling like a rose!
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