GM has a problem. It's not the cars or the union. GM needs to get it's costs down as required by the govt loan terms. The union has agreed to it's share of the restructuring. Waggoner is now gone. What's left and what's blocking GM's turn-around are the the banks and bondholders. They refuse to … Continue reading Why GM could still go bankrupt: Banks & AIG are the problem
Sweden Says No to Saving Saab via Sweden Says No to Saving Saab - NYTimes.com. Despite it's reputation for being "socialist", Sweden decides that failed businesses, even when large employers, don't always need to be rescued -- at least not if it leaves it in private hands.