GM bankruptcy – an economic stimulus?

If GM does go bankrupt, somebody is guaranteed more work for sure – a legion of bankruptcy lawyers and economists. The story notes that Detroit hopes a GM bankruptcy case is filed there, rather than New York or Delaware, just for the economic stimulus.

Crazy.

“I’ve never seen a bankruptcy that has such a happy face on it as this one,” Gary N. Chaison, professor of industrial affairs at Clark University in Worcester, Mass., said of the work that has been done in advance.

Really crazy.

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