Today's most shocking headline: Big 3 automakers admit that mistakes were made. Wow! And General Motors claims that it needs $4 billion in order to stay open for the next 20 days. Now that sounds like a great investment, does it not?
If there's one leason to be learned from the fall of Enron it is that a company's burn rate - basically the speed with which it sets fire to money in a futile effort to stay alive - increases as it approaches dissolution. Do we really want to give GM more money to burn?
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