newsbusters.org - 2/11/2009
—
A week ago (at NewsBusters ; at BizzyBlog ), I noted that government bailout recipients General Motors and Chrysler had horrible sales in January, and that their declines are accelerating. GM was down 49% year over year in January, compared to -32% in December; Chrysler was down 55% in January, ...
online.wsj.com - 2/14/2009
—
online.wsj.com —
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.
(more)
GM: Bankruptcy or More Aid
Comments
Blog Reactions
GM Did What? **Update**
Snapped Shot —
... In other words, America sucks so we are leaving for Brazil, but we will take your money first.
(H/T Ace of Spades)
[Update:] Seems that now, as part of the rules to accepting the federal buyout nationalization monies, GM has laid off 10,000 workers HERE in the US.
So much for saving American jobs !!! But then, this $3 Trillion has nothing in it to stimulate the economy, let alone private industry.
And if GM does go under, the US is not the first creditor to get paid for its debt.
When ...
Related Content
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 ...
Who Will Bail Out Uncle Sam?
corner.nationalreview.com 12/17/2008 — Here's a short editorial to make you sit up straight, courtesy of the Washington Examiner:
The United States of America is bankrupt. Don't believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, ...
Uncle Sam
slacktivist.typepad.com 1/15/2009 — To be fair, illustrating the personal finance page is a difficult and thankless job. Being asked, week after week, to draw a picture of abstract ideas like "the importance of maximizing your 401(k) contribution" -- on deadline -- is not an easy task. ...
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 ...
A Quick Bankruptcy for GM?
meganmcardle.theatlantic.com 4/14/2009 — 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 ...
GM: The Bailout vs Bankruptcy Meme
portfolio.com 11/17/2008 — There's a bailout vs bankruptcy meme going around with regard to GM -- a choice which makes me want to tick "none of the above". I've seen it in dozens of places of late, but since it comes with the imprimatur of Paul Krugman , let's look ...
Need a better mortgage? Call Uncle Sam - May. 19, 2008
money.cnn.com 12/13/2008 — NEW YORK (CNNMoney.com) -- On Capitol Hill this week, lawmakers are set to continue to grapple with the best response to the rising tide of home foreclosures. But the Bush administration says it has a solution in place: A nine-month old mortgage ...
Follow BeltwayBlips on Twitter
