GM bankruptcy: It could start world-wide depression, says Huffington Post three months ago
May 28, 2009
How will a GM bankruptcy affect the economy? This is what Stan Parker said in the Huffington Post three months ago.
Note his detailed comments about how auto parts suppliers would be affected and how that could presage a world-wide recession.
He asks how much more money can taxpayers afford to put into the troubled car companies. What happens if Ford goes to the feds for help.
Will that bring down the auto industry in other parts of the world?