American People Will Be Hurt The Most?
It seems to me the people least likely to be hurt by a failure of General Motors are the same people that can most afford it. If General Motors files bankruptcy, sure the stock will tank but over the long haul, it will do just fine. The stock value will eventually recover.
Thus the stockholders which I’m sure includes employees at every level will be hurt the least over the long run. The exception being the employees working on the assemble line. Their contract will be re-negotiated if there is a bankruptcy and they will loose benefits, one would assume. That is the argument many are making for letting it fall into bankruptcy.






