UPDATE 1-GM uncontrolled bankruptcy would be disaster-Ross

Newswire

(Adds more quotes, details) PHILADELPHIA, Feb 27 (Reuters) - Billionaire investor Wilbur Ross said an "uncontrolled" bankruptcy of General Motors Corp would be a "disaster" and a prepackaged reorganization would be a better solution. Speaking at the Wharton Crisis and Opportunity conference in Philadelphia, Ross said: "It doesn't work to do an uncontrolled bankruptcy. It would have to be prepackaged, with the government writing a really big check." "It would be difficult to have a ...

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