Big 3 Bankruptcy

Consider the source, but here's a fairly terrifying picture of the world following our automobile companies' potential bankruptcies.

Eighty percent of consumers would not even consider buying a car or truck from a bankrupt manufacturer, one recent survey indicates. So once a bankruptcy proceeding got started, the company’s revenue would plummet, leading it to hemorrhage cash to cover its high fixed costs.

And that's just the beginning, as millions lose their jobs, auto financing vanishes, and Medicare/Medicaid expenses rise astronomically. "Riots in the streets, dogs and cats living together, mass hysteria!"

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