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meganmcardle.theatlantic.com - 4/14/2009
A Quick Bankruptcy for GM?
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I'm struggling to understand how the government thinks that it can get GM in and out of bankruptcy in the blink of an eye.  In a "prepackaged" bankruptcy, where there's substantial agreement among the parties, that may be possible.  But neither the unions nor the bondholders show any ...

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Treasury Is Said to Warn G.M. of Bankruptcy Risk
nytimes.com - 4/12/2009
Treasury Is Said to Warn G.M. of Bankruptcy Risk
— nytimes.com — The G.M. tower in Detroit. One possible plan would put “good” assets in a new company and leave the rest in the old company. (more) Treasury Is Said to Warn G.M. of Bankruptcy Risk
Comments vote down The Page by Mark Halperin found this 4/12/2009found this
meganmcardle.theatlantic.com - 4/15/2009
Why Bankruptcy Matters
— meganmcardle.theatlantic.com — This is what a world without it looks like : Karen Andrews can't speak. Every time she starts to tell her story, she puts her head down and crumples. She is slim and angular and has the faded radiance of the once-rich, even though her clothes ... (more) Why Bankruptcy Matters

Comments vote down Instapundit found this 4/15/2009found this
poliblogger.com - 4/13/2009
Preparing for the Inevitable? (GM and Bankruptcy)
— poliblogger.com — Via the NYT : Treasury Is Said to Warn G.M. of Bankruptcy Risk The goal is to prepare for a fast “surgical” bankruptcy, the people who had been briefed on the plans said. G.M., which has been granted $13.4 billion in federal aid, insists that a ... (more) Preparing for the Inevitable? (GM and Bankruptcy)
Comments vote down PoliGazette found this 4/13/2009found this
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Tuesday morning links
Maggie's Farm — Legal scam or real problem? Chinese wallboard Is there a freedom not to buy medical insurance? Why does that question even need to be asked? Animal nutritionists at the National Zoo A "quick" bankruptcy for GM? Megan Nuclear disarmament: a bad idea in many ways. Yes, the Dems killed it, but What’s a bunch of African-American kids, versus the teachers’ union? Especially in this administration? ...

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