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After Firing CEO-- Government Tells GM to Prepare For Bankruptcy
After firing the CEO of General Motors and taking over the corporation and warrantees two weeks ago Team Obama told GM to prepare for bankruptcy by June 1st. The AFP reported: The US Treasury Department has told General Motors to make all necessary preparations for a possible bankruptcy ...
Treasury Is Said to Warn G.M. of Bankruptcy Risk
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
A Quick Bankruptcy for GM?
meganmcardle.theatlantic.com — 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 ... (more) A Quick Bankruptcy for GM?
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)
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