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AIG Is Driving GM Into Bankruptcy

TigerHawk found this 4/1/2009 on businessinsider.com

GM (GM) has 58 days to negotiate to convince bondholders to take a major haircut or debt-for-equity swap. But it doesn't sound like it's going to happen. Why not? Because the bondholders don't seem interested in taking the ridiculous haircut that would be necessary for GM to be viable. Why won't ...