The story I chose is about GM most likely going into bankruptcy. I chose to this story because it is interesting that one of the largest and successful car companies most likely have to go into bakruptcy. The only way GM wouldnt have to face bakruptcy is to cut their debt. To cut their debt GM has to convince their bondholders to accept shares in the company instead. I believe that GM should just face banckruptcy because if things just end up being worse instead of better they will dig themselves a bigger hole.I agree with how the information was presented, they stated just the facts and informed us about exactly what might happen with the GM company. I would use this source again.
http://www.msnbc.msn.com/id/30943173/
Hector, One of the clearest, most concise summaries of the GM bankruptcy I've seen. Solid understanding of why a GM bankruptcy is significant. I agree with you about it being necessary, but it's still tragic. Outstanding post.
ReplyDeleteGrade: 10/10