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GM planning for bankruptcy
Fritz Henderson says the automaker is planning for the possibility of restructuring within 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
AIG Is Driving GM Into Bankruptcy
AIG Is Driving GM Into Bankruptcy
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 ... (more) AIG Is Driving GM Into Bankruptcy
Obama Moves GM and Chrysler Towards Bankruptcy
Obama Moves GM and Chrysler Towards Bankruptcy
emptywheel.firedoglake.com — photo by LA Wad [ Program note : Jane will be appearing live with David Schuster on... MSNBC's 1600 Pennsylvania Avenue to talk about Obama's auto initiative. The show airs at 6 PM Eastern. Jane expects to come on at about 6:3o. ] Let me start ... (more) Obama Moves GM and Chrysler Towards Bankruptcy
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GM Planning For Bankruptcy
Pat Dollard | Young AmericansPolitico: Fritz Henderson, GM’s new president and CEO, said for the first time Sunday that the automaker is planning for the possibility of restructuring within bankruptcy, although he said he still hoped to avoid that public-relations nightmare. “If it can’t be done outside of the bankruptcy process, it will be done within it,” Henderson said on NBC’s “Meet the Press” after host David Gregory asked if bankruptcy is inevitable. “We are planning to get the job done. Our preference is to do it outside of a bankruptcy process. But ...

G.M. Boss: Bankruptcy an Option
The Page by Mark Halperin — ... New CEO Fritz Henderson says on "Meet the Press" the company is planning for a possible Chaper 11. "Our preference is to (restructure) outside of a bankruptcy process. But it would only be prudent to make sure that we're planning for – if we need to resort to that, that we can move ... fast.” ...

GM prepares for bankruptcy
PoliGazette — GM’s new president and CEO, Fritz Henderson, says the company is preparing for bankruptcy. Politicoreports: Fritz Henderson, GM’s new president and CEO, said for the first time Sunday that the automaker is planning for the possibility of restructuring within bankruptcy, although he said he still hoped to avoid that public-relations nightmare. “If it can’t be done outside of the bankruptcy process, it will be done within it,” Henderson said on NBC’s “Meet the Press” after host David Gregory ...

Newspaper Roundup for Apr. 6, 2009
CNSNews.com Headlines — Home News National CNSNews.com Newspaper Roundup for Apr. 6, 2009 Monday, April 06, 2009 By Susan Jones, Senior Editor Politico: Media to cover war dead; 1st time in 18 years Washington Times: U.N. delays Korean rocket response Washington Post: After Launch, Obama Focuses On Disarmament N. Korea Complicates President's Trip Politico: Launch 'short of success,' says US Amb.to UN Rice Politico: GM planning for bankruptcy Denver Post: AmeriCorps will help certain people make the switch to digital TV Washington Times: ...

Focus on Obama Policies
The Reaction — ... call Sunday for “a world without nuclear weapons.” Hard-line critics say North Korea’s move makes the president’s no-nukes aspirations all the more unrealistic, even dangerous." General Motors and the economic crisis --"Do what you need to do." The White House is questioning the viability of GM and Chrysler, to the point of instituting a big shake-up at the top at GM. Politico says GM is already planning for bankruptcy. Paul Krugman has become increasingly critical of the ...

Traditional Media is So Screwed.
The Next Right — ... Election House Ethics Committee Takes Action (Against Nothing) Obama's Task Tougher at Second Summit Politico: N. Korea launch reignites debate Obama calls for 'world without' nukes Axelrod: Obama will create nuke-free world Launch 'short of success,' says Rice UN must condemn North Korea Poll: Voters back force in N. Korea Media to cover war dead Palin camp responds to Levi Johnston VIDEO: Sunday show highlights GM planning ...

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online.wsj.com 2/14/2009 — GM's viability plan will offer the U.S. a choice to commit billions more in bailout money or provide financial backing as part of a bankruptcy filing.