I am not concerned about the fact that GM or some others may go into bankruptcy. I think someone will pick up the pieces and carry on.I will buy on basis of value and best deal, no matter what financial situation they are in.
In some ways, I think it may be a wake up call for a lot of people if GM does go down. I have been listening to some of the Union bosses talk lately about the concession negotiations that are presently being conducted. The Canadian government told GM that they would not advance the promised bailout money unless GM was able to get major concessions with their Union, by last Friday. It did not happen but I think the government agreed to an extension. As far as I am concerned I certainly hope that they hold both sides to this. The Union guys I see on TV make me angry and also make me sick. Talk about a bunch that feel the world owes them big time. Sorry, my heart is pumping pure porcupine pee for them. I do think that Unions do have a role, but like most things, most of them are way out of line. Some days I would love to see some one tell them to pound sand and send them all packing. Maybe then some would wake up and smell the coffee.