Tuesday, June 2, 2009

GM Largest Bankruptcy Ever in USA?

GM is not the largest bankruptcy ever in the USA. GM is the largest Industrial Sector bankruptcy ever in the USA.

It might be a better perspective to list the hierarchy of the largest bankrupt entities in the USA in light of the GM bankruptcy:

(1) US Federal Government,

(2) State Governments,

(3) County Governments,

(4) City Governments.

Many observers point to GM's bankruptcy being a function of Poor Management and a Unionized Work Force. Could one then make the argument that all forms of US Governments are run by Poor Management and function with a Unionized Work Force hence leading to bankruptcy?

No comments:

Post a Comment