IN RE: GENERAL MOTORS
(U.S. Bankr. Ct., S.D. N.Y., Jun. 1, 2009) – General Motors (GM), one of Detroit’s ‘Big 3’ automakers, filed for Chapter 11 bankruptcy relief in New York. The global auto company lists billions in debt and liabilities, and has an extensive list of creditors to whom it owes money.
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lennyesq 
Did Gm deserve the bailout? You Ask me I would say NO.. why? When Honda and Toyota were out inventing new cars, GM was busy boasting about its pride and Showing off its hungry hungry Daughter the Hummer
So Finally where has the conclusion come to? GM is bankrupt, We are bankrupt and the average man is going nowhere in this struggle, I ask you guys today What did we gain out of this?