Trump This: The Donald suggests bankruptcy for GM

While the automaker rescue/bailout plan may amount to gambling with taxpayer money, it's still an odd thing for bankruptcy expert Donald Trump to make flip comments about. Sure, the guy knows real estate development, the gaming industry and naff hairstyles, but shooting from the hip about what General Motors should do is a bit out of his area of expertise. During a recent appearance on the Late Show with David Letterman, Trump posits that filing for bankruptcy, like the Trump Entertainment Resorts has recently done, is what GM should do. "They'll make a better deal," the mogul briefly elaborated. He's not alone in that opinion, and perhaps he's right, but the pall of Chapter 11 might also spell certain death as buyers avoid such a wounded automaker. That's one heck of a dice roll. Hit the jump to see the video.

[Source: Detroit Free Press]

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