GM on brink of bankcruptcy?

Apparently, someone in power did the equivalent of shouting "the emperor has no clothes" and people woke up, and are beginning to see more clearly! The media decided it was time to expose the truth that GM is nearly insolvent, and will expect to lose $1.50/share in the first quarter alone!

But the story is worse than that! GM has $300 billion in debt
finance.yahoo.com...