GM bankruptcy shields them from liability over faulty ignition deaths and losses

http://www.latimes.com/business/autos/la-fi-hy-gm-ignition-bankruptcy-20150415-story.html

This is one of the more maddening things I've seen in 2015 (and that is saying a lot). The evidence is fairly clear that GM committed serious negligence and cover-up/fraud for years regarding their faulty ignition switches that were implicated in at least 84 deaths and who knows how many total accidents.

But since GM declared bankruptcy in 2009, a judge concluded that they can't be sued over this issue. This is because the post-bankruptcy "new GM" is a totally different entity than the one that was responsible for the fraud/deaths. I wonder if the bankruptcy was a calculated move then. Businesses probably are thinking, "Well if the shit gets bad, let's just press the reset button." The people you owe only get pennies on the dollar back, and you're not on the hook for any previous wrongdoing. Isn't that convenient. And let's not forget the billions in low-interest loans they got from the taxpayers.

GM has set up a fund to pay victims off in return for dropping civil lawsuits. But this whole debacle is the kind of thing you shut down companies over. Where is the trust, when GM has shown total disdain for the customer and government? Maybe Obama shouldn't brag that he saved Detroit.