Below is a visual representation using the full text of President Obama‘s speech regarding General Motors and Chrysler yesterday. The size of each word is dictated by the frequency with which it appears in the speech.
I’m no bankruptcy expert, but friends of mine in the legal field are. They believe that the notion of a 30-day, surgical, pre-packaged bankruptcy is absurd. What’s really in store for America’s auto business is, instead, more like a de facto nationalism.
Hooray for the Unions.
Full Disclosure: I currently have client accounts that are long GM shares.
Full Text of Speech: Obama Auto Speech (Leftlanenews)
Props to Wordle
Your friends are right: the idea of a pre-pack is absurd. A GM bankruptcy would be the most complicated filing in US history, by far.
The ripple effect from this is going to be immense, too, considering how interconnected the automotive industry is.
Your friends are right: the idea of a pre-pack is absurd. A GM bankruptcy would be the most complicated filing in US history, by far.
The ripple effect from this is going to be immense, too, considering how interconnected the automotive industry is.
Your friends are right: the idea of a pre-pack is absurd. A GM bankruptcy would be the most complicated filing in US history, by far.
The ripple effect from this is going to be immense, too, considering how interconnected the automotive industry is.
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