Too Much Euphoria For a Bankruptcy

GM's bankruptcy is being met with a huge cheer. Doesn't make too much sense.

GM is the largest company ever to go through bankruptcy. It is a company that is 101 years old with a rich history.  It is a company that employs hundreds of thousands, produces a wide array of vehicles and hasn't been able to be competitive in a global marketplace.  It is also a company which had hailed itself as being on the cutting edge so very recently. 

It is a sad day when an American icon dies and where our government commits $30 billion to try to keep something afloat.

I wish someone would explain to me how economists, politicans and the stock market are managing to put such a smiley face on this one.

Jason Rodgers
Jason Rodgers: Jason Rodgers was an experienced research analyst for a major bank prior to retiring to run his own investment consultancy in beautiful Lihue, Hawaii. Jason contributed articles to BestCashCow from 2008 to 2014.

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