Oh yeah accounting is my favorite subject and just about the only usefull one I have taken in school so far. The old joke is that in accounting 2+2 can equal anything is true! I only know some pretty basic stuff, I'm sure the advanced guys can make a turd look like gold on paper. Look at what Enron did with there loses. Set up companys in other countries and have them take the hit, so Enron's books looked good.
DC has a lot going for it, they are probably in better shape them GM actualy. Worst case Chrysler would be sold off, Mercedes car division is the crown jewl of that company and would be fine. Besides Mercedes
AFAIK never made any money.