death spiral

Good evening.

I’ll be doing a weekly roundup of illuminating, notable or just plain funny comments.

The talk of Donklephant this week was Health Care Reform and it was an EXCELLENT thread.

I recommend reading the whole thing if you only just skimmed it at work.

Despite all the government assistance and talk of providing more, GM lost $6 billion last quarter with earnings dropping by 47%.

GM executives say car buyers are turning away from GM out of concern the company will end up in bankruptcy and won’t honor its warranties.

Could the prospect of bankruptcy help force bankruptcy? To put it dramatically, is GM in a death spiral?