Sen. Richard Shelby reacts to GM bankruptcy - WSFA.com Montgomery Alabama news.

Sen. Richard Shelby reacts to GM bankruptcy

MONTGOMERY, AL (WSFA) - Alabama's senior U.S. Senator Richard Shelby issued the following statement after Monday's announcement that General Motors would move into Chapter 11 bankruptcy.

"Had GM entered Chapter 11 last fall, I believe the company would be much further along and headed in the right direction.  Instead, the federal government wasted time and the taxpayer's money only to end up owning 60 percent of GM.  The waste of money and scale of government intervention are very troubling, and there appears to be no end game in sight."

WSFA 12 News will have more reaction from other state representatives as they become available.

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