Judi (mollybarton) wrote,

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So, GM is bankrupt.

:( It has a chance of surviving (will probably end up merged with foreign companies like Chrysler will be), but it will never be the same. Bye-bye Pontiac, Hummer, Saab, and Saturn. :(

I hope both GM and Chrysler somehow pull through. Losing even one would just be a disaster (like it's not already, sighs). I still remember the big mess the airline industry had to clean up after both Eastern (waaahhh!) and Pan Am went bankrupt in '91. Pan Am was pretty much doomed no matter what, but Eastern could have and should have been saved. Big business just sucks sometimes. I'll never understand how the big boys can get into so much trouble- whether the economy is good or bad.
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