GM cuts dividend & buybacks; Government Bailout next?

GM has suspended it’s quarterly dividend and share buyback. GM is trying to preserve capital due to the Covid-19 Virus. We could see them be taking these steps to ask for a government bailout. Many in Congress and the senate argue companies issuing buybacks should not receive taxpayer money. Don’t be suprised in the next quarter or two to see GM & Ford request government bailouts.