Have No Fear; the US Government is Here
This blog tends to stick to international investing, but the death of GM (as we know it) is too big. The story has been covered in-depth elsewhere, but I'll just ask this: How do we expect a poorly run company to suddenly be run better now that it's highly politicized and largely owned by the government? The state of Virginia can't even run a decent liquor store.
My prediction for GM is that it's making a revamped focus on fuel efficiency (as dictated by the new owners) will mean the company ends up making small, expensive cars that nobody wants and that are expensive to fix.