情定愛琴海

        The Ministry of Finance of the United States claim today that GM should shut and announce bankruptcy if GM still not reach the goal of the rearrangement condition before June 1. I do not understand why the Ministry of Finance of the United States are hurry to force GM to do it. If GM claim bankruptcy, how about the bailout being distributed from the government? The government will be wasting its bailout if GM follows the government's command. Why does the Ministry of Finance not wait and give GM more time to rearrange its financial condition? Although the Ministry of Finance claim immediately that it did not announce this announcement, everybody knows that official is used to negative every announcement without going through normal permission. Therefore, I strongly believe that this announcement which is negatived from the government is probably not correct. The degree of trust is lower than we expect. On the other hand, one of the methods to servive after GM claims bankruptcy is to open new enterprise. In addition, GM is going to leave all bad debts and take quality account to new business. But the question is, where is the capital from? Since GM announce bankruptcy, its all assets should be confiscation. How come? It does not make sense.