Saturday, September 27, 2008

NYU Professor Thinks It's Possible GM Will Have To Start From Scratch

Default expert Edward Altman said that "there is a 50 to 55% chance of GM default." I agree, as there are other large firms already on respirators. This could be a good thing for GM, though. They will be able to brainstorm new ideas and how to function in an era where we are now doing everything at once. Example, instead of choosing between preserving the environment and doing business at all cost, both are done simultaneously. Green marketing is now a major new concept, focused on products that are environmentally safe(r).

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