What do you think, give more money to General Motors, or let it default? Defaulting a company like GM would mean a huge jump in unemployment of people in the area of Detroit. It will be devastating for the families involved. With the stock at a multi year low, and the market cap under $1 billion, […]
Should GM go bankrupt
How much money can you sink in one company. General Motors is a huge driver in the US economy, and don’t forget the pride of Detroit and the US car industry. But seriously, if you cannot make enough money to keep afloat, you might not have a reason to exist… Apart from all the people […]