GM: Functionally bankrupt?

GM Loses $15.5 Billion in 2Q

...or "What does it look like to lose about $2000 per second?"

Alfred P. Sloan is rolling in his grave somewhere. GM has the financial equivalent of flesh-eating bacteria, cannibalizing its own funds to stay afloat, mortgaging its own brands and capital to operate.

The estimates I saw yesterday were in the $7 Billion to $9 Billion range. Wow.

We need some moniker besides "The Perfect Storm" for this automotive maelstrom...this is more like that 200 ft Tsunami at the end of Deep Impact


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