Read The General Motors' Bankruptcy-The Largest Government-Sponsored Bailout in U.S. History.
Write a five page paper (1500 or more words) in APA format in response to the questions listed below:
- Previous chapters indicated that M&A activity (even government sponsored ones) should try to preserve and provide jobs for the community. In your opinion, did the creation of the New GM save or create jobs? Why or why not?
- The US government behaved as a DIP financier. What is a DIP financing package and is it a responsible/ethical use of public funds? (Check the video for the discussion for hints about DIPs.)
- Why was a 363 sale used? Was it the logical choice? (There is a lot of debate on this topic.)
- Has GM been a successful restructuring? Why or why not?