GM Bankruptcy: What Do You Think?

One of the interesting sideshows that has been going on in the business world has been the debate over whether or not GM should declare bankruptcy. Mark Roe, writing for The Wall Street Journal, argued on Monday that GM would be better off with bankruptcy restructure:
There are other reasons why a Chapter 11 resolution may be the best solution for GM. Bankruptcy may be the only way for GM to fully confront its operational problems, deal with its legacy costs, reconfigure its dealer network, and achieve a viable labor agreement.
But one issue that has not been discussed much is that …read more