Reply #2: You didn't read the article. [View All]

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It is 100% correct that Treasury Dept can prevent a strike.

IF the union strikes the terms of the loan are violated.
The Treasury calls the loan and GM must pay immediately the $13.7 billion.
GM doesn't have the cash and that forces Bankruptcy protection.

Currently GM assets are $110 Billion and their Liabilities are $180 Billion + $13.7 Billion (for fed loan).

Nobody provides Debtor In Possession Financing and Bankruptcy moves into liquidation.
The company is sold for parts, and it doesn't really matter if you strike for a job that no longer exists.

So yeah technically they can't prevent a strike.
A strike would kill the company and lead to liquidation and loss of jobs for every single person striking.
So how likely do you think a strike is under those conditions?