As the media debates whether a General Motors bankruptcy is good or bad (The Deal was one of the first to ask the question three years ago), Portfolio's Felix Salmon is the latest to jump into the fray with a list of reasons why a GM bankruptcy would be bad.
Meanwhile, Economist Brad Delong responds to the Curious Capitalist's three reasons GM has given for avoiding bankruptcy.
On Wednesday, The Deal's Lou Whiteman pointed out that GM spends over $17 million a year on viagra prescriptions via its health plan. Industry blog Truck Trend suggests another place for GM to find a savings: executive compensation.
On the subject of massive corporate bankruptcies, Naked Capitalism offers an explanation of why bankruptcy is a more reasonable option for industrial companies like General Motors than for financial institutions like Lehman Brothers.
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