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Posts: 158
In response to
"
I'm not convinced that if GM "fails", unemployment skyrockets.
"
by
Dr.Vermin
would that not be a "bailout" ? -- nm
Posted by
DaneDukeNuuk (aka DaneDukeNuuk)
Nov 14 '08, 15:14
(No message)
Responses:
When a company goes bankrupt, the assets don't disappear. The creditors get to sell everything. Do you want a car manufacturing robot? -- nm
-
Mop
Nov 14, 15:23
1
true if the assets hold any real value (and arent used as security for loans) -- nm
-
DaneDukeNuuk
Nov 14, 15:27
Not a government one.
-
the liioulu without yarn
Nov 14, 15:19
2
To summarize: "MOAR SUVs" -- nm
-
Beryllium
Nov 14, 15:24
1
*nods* -- nm
-
the liioulu without yarn
Nov 14, 15:27
... or it might be done as a Chapter 11 reorganization proceeding -- (link)
-
Beryllium
Nov 14, 15:19
It might be done as a conservatorship -- (link)
-
Beryllium
Nov 14, 15:18
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