Even talks of a merger with GM's major stockholder, Cerberus Capital, ended with no agreement.
In the final analysis, it is the consumer and the stockholder who hold businesses accountable.
Every stockholder in a bank is made individually liable to the amount of his stock at its par value in addition to the said stock.
A constitutional provision makes each stockholder in a state bank liable to the amount of his share or shares for all the bank's debts and liabilities.
The unfortunate results of this policy led many of the states, from about 1850, to put constitutional limitations upon the power of their legislatures to lend the state's credit or to involve the state as stockholder in the affairs of any corporation.