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AIG could have prevented this from happening to this degree. And the SEC should have some sort of protection against a Bear Raid .. there is talk about the SEC changing the short sell rules which is what killed these companies. I knew AIG would be bailed out simply because it was a sovreign company and if it went down it would mean major disaster for other financial institutions. Think about it, they insure the debt of alot of banks..they go down more banks go down.
Anyway, I don't see the feds letting GM go down the tubes. If anything, they'll get similar deal that AIG received.
I'm actually looking to Citi for the next big fallout.. but who knows.. it could be a complete surprise.
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