Going Marxist

What are GM's liabilities?
Quickly read articles suggest somewhere in the neighborhood of $200Bn.

That's 4,000,000 households.

If GM went Chapter 7 bankrupt - liquidating everything - and got $0 for its assets, we'd be able to pay 4,000,000 households $50,000 for a year till they found other work for the $200Bn lost.

Does GM employ - directly or indirectly - 4,000,000 people???
I doubt it.

Some of those now-unemployed would be high-paid managers.
They can't make it for a year on $50,000?
The rest of us do it all the time!

Yes - this is just silly. But it helps put things in perspective.