That’s what should’ve happened the first time around.
This is a payoff, make no mistake that Buffett is in this for the money he can make and has nothing to do with stabilizing anything. He’s another buttboy for der Fuehrer. The two of them mutually benefit and the rest of us pay and or have paid for it through taxes.
Well, you know if that happened, the unions wouldn’t have gotten their cut. That was a priority with the administration at the time.
Now, tha the unions have maximized their benefits from GM, it can be cut loose and perish.