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[Emptywheel] Emptywheel » Live Blog of Auto Hearings: Senate Banking Committee: What happens with bankruptcy: We believe that retail sales will plummet dramatically, sales fell 37%, consumers leery of buying product from manufacturers not in existence. Our factories would be idled for significant period of time while we negotiated contracts with thousands of suppliers, would turn the whole financial equation upside down, where we’d have to buy COD and then build and wait for funds.

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