GM’s Bankruptcy Plan

According to Reuters, GM’s plan is to sell all the “healthy” assets to the federal government, and sell off the rest to satisfy the creditors. What this will create is a new car company, owned by the government, and a lot of former investors left losing almost everything. I need a Constitutional scholar to show me where in the Constitution this sort of action by the federal government is authorized.

Anyway, to do my part, I have created a new logo for GM to use, I expect to see it on the trunk lids of the 2010 model year.

My object in life is to dethrone God and destroy capitalism.
–Karl Marx

Advertisements

3 thoughts on “GM’s Bankruptcy Plan

Comments are closed.