Was the federal government wise to bail out General Motors
GM Bankruptcy/Bailout General Motors, in 2009, was forced to enter Chapter 11 bankruptcy as part of a federal government-directed, prepackaged bailout of the failing firm. GM had gone from being one of the most prominent corporations in the world to a sprawling, dysfunctional failure. GM reported $82.29 billion in assets and $172.81 billion in debts. […]


