GM And Other Possible Failures

If GM were to go bankrupt (forbid) there is a lot at stake. Not only will the private sector lose, but I think medium to big banks may have a problem.

I think GM has 30 billion dollars in loans with these banks, and this obviously would cause more banking problems.

That 30 billion dollars could be used as part of the $48 billion the U.S. Government could loan GM (as mentioned in a previous article).

The ramifications of GM's pains is obvious to other sectors of the economy.