Judge Approves GM Sale

Well, that was really painful and uneventful. No heated rhetoric on the part of dissidents. No obstructionist state pension funds looking to make a point about Obama. And no conspiracy theories about which dealerships were closed and why.

Judge Robert E. Gerber, late on Sunday, approved GM’s bankruptcy sale. Crucial to his decision: the fact that in a liquidation, creditors would receive absolutely zilch (shocker, there’s no value in a random collection of car parts, ageing machinery and factories in union states, without some government DIP money to keep it all running).


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