16-Month Recovery for GM?

" says it will get at least some additional. Thirty billion dollars in the treasury to pay for the bankruptcy process Dow Jones Newswires -- reporter Jeff and it is here with the very latest. Details good -- Wow so many moving parts so much to digest just moments ago an administration official says. In all likelihood here in General Motors could go back and be publicly traded company. In six to eighteen months is that realistic is that a long time when that news."

" I think it's totally realistic we're watching a lot of file what's happening in a Chrysler and Chrysler is really zooming through the bankruptcy process you know everyone thought that crisis may get -- up in the works may slow down but they are right on track. They're moving quickly and that -- the same holds true with GM which it's likely to do. That that doesn't seem to be out of the realm of possibility."

" Who you know Jeff I I gotta tell you there's a plane in naysayers here me included with the dollars and cents involved here we could be upwards of a hundred billion dollars by the time all -- this. But doesn't take your at this moment it appears is that GM in the US government have been able to get all the stakeholders to agree on a formalized planned. Does that make this 363. Process here a prepackaged bankruptcy. Something I think that most of us didn't think would happen which is that it actually could move faster than we anticipated. Yeah I think."

" So I mean here you'll have the unions the unions voting pretty soon here on accepting incident concessions yet bondholders on board. So really it's going into bankruptcy and then taking care of some of the nuts and bolts of the business. Getting rid of dealerships getting rid of brands that they needed to do so instead of wasting all that time in going through a lot of lawsuits with the bondholders. GM can really focus on fixing the business and breaking Canada's that you pieces that wants to pursue. And really focusing on coming out quickly so yeah I think this really helps GM in the long -- increases those kids who gets them through the."

" Says a lot faster. Are still. Let's talk about all the moving parts here at the bottom line is it appears as though with the debt holders. Will get an opportunity purchase as much as 15% and warrants to increase its stake of -- this company ultimately to 25%. Is that structured and that's something that the US government post bankruptcy decides to sell. That remaining 15%. And ultimately at what price because. They haven't done a successful job figuring out how to shrink your balance sheet post bankruptcy."

" Right right well what happened was with the with the union taking a far smaller cut than it was going to you. There was extra equity in the company and the Obama administration out of out of task force rightly so turned around and came back and sweeten the deal for the bondholders. Now making -- much less likely for that the bondholders to object so yes. I think you could see the final -- taking taking this and going with that because they know anything else that they don't want to court it's likely they'll they'll come out with nothing and -- I think it's a good move for that."

" Yeah -- last night as reporting about this over on Fox News the Washington Post to come out to report that the US government will control about 50% of the seats on the new board of the new General Motors. It's Fritz Henderson as we stand here right now a lot people say he's done a bang up job in the past couple of months if he guaranteed to keep his position you think it's sealed the deal."

" I it would seem so he's hit all."

" The right buttons and he's really gone out the way to push GM into bankruptcy. Before he stepped and that there seem to be a reluctance that he was going to fight this or didn't want to go this route but -- has come in and pave the way he said very clearly look will go into bankruptcy will do what will need to and then we'll come out of it and really need to not see a successor out there on the horizon who could pick up. And fill his shoes at the new GM comes out you're going to want somebody like Fritz Henderson and there. Who has the knowledge he can hit the ground with a new GM really running and getting the new product out there and getting all of the components to work together."

" Yeah I have to say kudos for getting all the stakeholders what do prosecution's been Jeff Bennett always put a couple days to see where this process ends up thanks so much for taking time to giants this afternoon we appreciate it. Thank you."