If anything, GM is a casualty of the huge asset bubble caused by 4-5 years of 1-1.75% interest rates (Greenspan). That bubble had to burst, and when it did, it

If anything, GM is a casualty of the huge asset bubble caused by 4-5 years of 1-1.75% interest rates (Greenspan). That bubble had to burst, and when it did, it was obvious that companies in bad shapes would be hit the most. The fact that GM was in bad shape was its own doing, though.