Gerald Greenwald, a founding partner at Greenbriar Equity Group, joined CNBC today to give his opinion on the ailing economy and his hopes that GM can avoid Chapter 11 bankruptcy.
“Frankly it’s scary because I’m hoping that there’s an answer that keeps GM from bankruptcy; the federal government puts a plan together with them,” said the former vice chair of Chrysler. “But with this kind of burn rate, how much in loans are they going to need? How much federal money are they going to need and can they actually pay them off ever?”
Watch the video below to see what else Greenwald had to say about the economy