Stop talking, graduate high school, take introduction to microeconomics course. In that order.

The stock hasn't been delisted yet, I don't think. They're actually stronger now than they were in the middle of last month. I'd be surprised if the courts let GM terminate shares.

GM Claims to have received nearly $50+ million from the government

I think some of you are forgetting the alternative to bankruptcy.

Yes, a company will try to avoid bankruptcy at all cost. But the problem we are facing today is lack of consumer confidence in key industries, and a part of that is that people are getting a bit smart about the government policies of just throwing money at the industries and hoping that'll save them from failing. That is the much worse alternative. Another one is just letting them fail completely, also a worse alternative.

Bankruptcy, while an indication of bad business, also restructures GM and I believe also helps to accurately price GM's assets. It punishes the terrible CEOs (like Jon'C said), it punishes those who may have inflated GM's assets in the past, and it gives a chance to restore consumer confidence in the business. I know it sounds backwards to say that we'll be more confident now that they declared bankruptcy, but it's much better than just having the government throw incredible amounts of money at them (which to some extent I guess they have done). People will be much more willing to re-invest in a company whose executives that tanked it in the first place are now out of a job. While I disagree with the terms of the bankruptcy plan that GM got (I still don't think government ownership + UAW ownership is a good idea), it's better than the alternative.

Bankruptcy is what many of the lending banks should've gone with too, because not only would it have gotten rid of the bank executives at the head of the ladder, but also absolutely massacred those who inflated asset prices and encouraged risky lending as well.

I don't think that people are upset about the bankruptcy, specifically. At least, that's not what concerns ME. I'm concerned that they took a bunch of bailout money from the government, then the government basically takes control of the company, and forces it into bankruptcy under its own terms. I don't like how that went down.

I always say, I'm not an economist, and most economy-related stuff is over my head. I object on principle. Avoiding immediate consequences often leads to even worse future consequences, and the ends don't always justify the means. That sort of thing.