The death of GM will have a “cataclysmic” effect on an US economy already in free fall thus letting the monumental CARtastrophe known as General Motors do even more damage in death than it did in life. This could be the end of the road for the giant automaker.
Here is something even scarier, what if Citigroup is nationalized? What would happen to the economy? It could create a financial catastrophe. Well, our boy cramer say that ain't gonna happen.