I saw a once/twice run item in Bloomberg's scroll of GM,
Ford, Chrysler facing bankruptcy. The next morning, Saturday,
replaced with GM in merger talks with Chrysler.

Kind of like a drowning man grasping desperately at another drowning man for support.

GM in merger talks with Chrysler. ... Kind of like a drowning man grasping desperately at another drowning man for support.

Kinda reminds me of the old "Power of Two" a ways back when two loser computer companies (Univac, and Sperry-Rand) merged. I refered to the combo as loser squared.

I suppose if they merge product lines, then similar products from both companies can be combined (i.e. lots of engineers can be declared redundant). But it is hard for me to imagine short term benefits, and this close to bankruptcy.....

That was Univac and Burroughs. Sperry-Rand had owned Univac for many years. As I recall it was liquidating itself at the time.