posted on Dec, 23 2011 @ 12:41 AM
reply to post by jdub297
That's how bankruptcy works, the Govt comes in and takes over, yes stripped the rights of the voting shares but that occurs all the time everytime a
company files for bankruptcy protection means that they lose the control over their company while it's gets restructured.
So, the best solution was to let it sink and risk putting 20 million more out of work? Kill America's chance to get in front of this instead of
If you file for bankruptcy means that you have no more options and must publicly admit that you have failed not only your executive board, but have
failed your stockholders, you are admitting that you've been incompetent and are not inept to handle your company anymore and once you do that you
are typically the first to get bounced out of your seat and are relieved of command..
The Federal Govt took control over it to prevent it from being gobbled up by some foreign firm. Would you really want the All American, iconical and
classical sports car, The Chevrolet Corvette to be under say, German control? Hell no! The Corvette allows us to compete with Aston Martin, Porsche,
Ferrari, Lamborghini, Bentley as the 2009 Corvette ZR1 is the fastest and most powerful car for under $300,000 as it does 220 mph and rocks a 638bhp
Supercharged Corvette LS9 V8 and costs only $130,000. No other car in production has specs like that for that price.
The 2014 Corvette C7 is coming and the nameplate celebrates it's 59th anniversary for 2012. The Chevrolet Suburban is the longest running car in
current production as 2012 marks it's 76th year of production, longer then that of the VW Beetle, Mercedes-Benz SL Klasse, Porsche 911, Aston Martin
DB Series, Nissan Skyline/GT-R Series, Nissan Fairlady Z Series, Ford Mustang and is shorter only to the Ford F Series which for 2012 marks 64 years.