If General Motors files for bankruptcy ... plans include a quick sale of the automaker's healthy assets to a new company owned by the U.S. government, a source familiar with the situation said Tuesday.Click on graph for larger image in new window.
...the plan also called for the government to forgive the bulk of $15.4 billion worth of emergency loans that the U.S. has already provided to GM.
The first graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
This is still the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years.
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
The second graph shows the S&P 500 since 1990.
The dashed line is the closing price today.
The market is only off 42% from the peak.
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