cchuba Wrote:
Dec 20, 2012 10:22 AM
On top of the $25B loss in cash, GM was able to carry over over $10B worth of tax losses that would normally be liquidated in a bankruptcy. However, had the gov't not stepped in, there is a good chance that GM would have faced a liquidation bankruptcy unless someone here can identify the private sector entity that would be able to lay out $50B.