"....It sounds like Judge Gerber is ready to reopen the whole thing, essentially forcing GM into a real bankruptcy.....

If we’re lucky, this will come apart very soon… just in time for the non-political-wonks to read the news as they’re deciding whether or not Obama deserves a second term."


http://conservative-wanderer.com/2012/10/08/gm-bailout-could...


(An example of many good comments)
"Hundreds of years of bankruptcy law supports the idea is that the senior bondholders are first in line and not a union pension fund. If it is possible to undo the deal, that alone is enough."