GM needs an additional $10 billion simply to pay its bills next year and $15 billion more to close plants, compensate redundant workers and dump some of its lesser-performing brands.
On the other hand, if GM were to fall into bankruptcy it could drag the rest of the economy over the cliff. While employment at GM is down substantially from where it was in the past, GM purchases from many suppliers and still is responsible for many legacy costs.
It's heads we lose, tails we lose a lot.
