Submit a Story!
Votes
vote down flag
poliblogger.com - 4/13/2009
Preparing for the Inevitable? (GM and Bankruptcy)
—
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 quick restructuring is necessary so its image ...
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 - 4/14/2009
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?
Comments vote down Maggie's Farm found this 4/14/2009found this
gatewaypundit.blogspot.com - 4/13/2009
After Firing CEO-- Government Tells GM to Prepare For Bankruptcy
— gatewaypundit.blogspot.com — 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 ... (more) After Firing CEO-- Government Tells GM to Prepare For ...

Comments vote down Doug Ross @ Journal found this 4/13/2009found this

Blog Reactions

PoliGazette:  We get it. GM is going bankrupt

Comments
Blog Reactions

We get it. GM is going bankrupt
PoliGazette — ... reasonably tough policy. He could have been even tougher, sure, but he could also have been much, much softer. No, he is not willing to go as far as I would like him to go - he still plans to invest heavily in the troubled company and its probably successor (labeled “New GM” by the NYT) - but he is not prepared to simply throw more billions at it, hoping it will - somehow, some way - make a difference. Still, American taxpayers should not be too excited: The rest of G.M. may require as much as ...

Related Content
G.M. Files for Bankruptcy
nytimes.com 6/1/2009 — President Obama discussed the G.M. bankruptcy on Monday at the White House.
Obama’s new GM CEO: You know, bankruptcy looks really good now
hotair.com 3/31/2009 — Read this post »
The Bankruptcy of GM
delong.typepad.com 11/14/2008 — We don't like to let financial firms go bankrupt because bankruptcy shuts down their business. Buying and selling financial assets is what they do, and bankruptcy requires that financial claims be largely frozen while the court sorts it out. By ...
G.M. Files for Bankruptcy
nytimes.com 6/1/2009 — President Obama, with auto representatives and cabinet members behind him at the White House, speaking about the bankruptcy plan for General Motors.
AIG Is Driving GM Into Bankruptcy
businessinsider.com 4/1/2009 — 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 ...
Obama decides on GM bankruptcy
hotair.com 4/1/2009 — Read this post »
Bankruptcy for GM
corner.nationalreview.com 11/13/2008 — What would it mean to have GM go bankrupt? A change in ownership and a renegotiation of contracts. The factories, computers, office space, intellectual property and so forth that are now owned by GM would not disappear; they would basically become ...
GM Bankruptcy Would Be Most Complicated In History
huffingtonpost.com 5/26/2009 — It is not just lawyers who will be busy handling a G.M. bankruptcy filing, which would be perhaps the biggest and most-watched in legal history. Because of its size and scope, the bankruptcy would be the most complicated that any American company has gone through -- more complex than those of ...
GM: Bankruptcy or More Aid
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.
GM Declares Bankruptcy
minx.cc 6/1/2009 — Good morning comrades fellow shareholders! Under the proposed restructuring, about 60 percent of the new GM would be owned by the United States, about 12 percent by the governments of Canada and Ontario, a union health trust would own 17.5...