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GM Being Steered Towards Bankruptcy
The Page by Mark Halperin —
Getty The administration plans to send General Motors into bankruptcy under a plan giving the automaker many billions more in public financing.
WaPo: Auto Bankruptcies Next Week: GM in, Chrysler out
Calculated Risk —
From the WaPo: U.S. to Steer GM Toward Bankruptcy The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of dollars more in public financing ... The move comes as the administration prepares to lift the nation's other faltering car company, Chrysler, from bankruptcy as soon as next week ...That is fast! ...
GM Being Steered Towards Bankruptcy
The Page by Mark Halperin —
Getty The administration will likely send the automaker into bankruptcy under a plan giving it many billions more in public financing. Plus: ...
GM heading into bankruptcy next week
AMERICAblog News| A great nation deserves the truth —
A few decades ago, this would have been unthinkable. It's not the ideal situation though it's much better than the other option, total failure. The impact across the US would be a serious challenge to an economy that is treading water. Some of the shareholders continue to complain though maybe they haven't calculated the full impact of 0 on the books. Washington Post: ...
Global Warming, Porn Stars, and GM's Sucking Sound: The Morning News
The Latest on Air America —
... . The Obama administration brings them a lot closer to bankruptcy . Philadelphia, Mississippi is known for nothing nationally more than its Klan killings and the town now has ...
Thanks Barack... Economy Continues to Crumble-- US May Lose AAA Rating
Gateway Pundit —
Here are today's Drudge headlines... California Cities Irked by Borrowing Plan... Florida's BANKUNITED; Year's Biggest Bust... Recession Turns Malls Into Ghost Towns... Dollar Falls... Fed President Says Inflation to Increase... GM Bankruptcy: As Early As Next Week... And, there's more... The US is about to lose its AAA credit rating thanks to Barack Obama and the tax and spend democrats. Bloomberg reported: Treasury Secretary Timothy Geithner committed to ...
Reason Morning Links: Bankruptcy for the Automakers, Untaxed Income for the Texans, Sympathy for the Canadians
Hit & Run —
• The White House prepares to steer GM toward bankruptcy, and to offer it "just short of $30 billion in additional federal loans." ...
WaPo
Sister Toldjah —
U.S. to Steer GM Toward Bankruptcy
TPMDC Morning Roundup
TPM Election Central —
... The Washington Post reports that the Obama Administration is preparing to send General Motors into a planned bankruptcy as the end of next week, with the intention to give the company nearly $30 billion more in aid to help them restructure. ...
Oh my: No bailout for California, says White House
Hot Air » Top Picks —
... importance to President Obama’s efforts to turn the economy around.“Allowing California to go belly up presents a great risk to our hoped-for continued economic recovery,” Rep. Adam Schiff (D-Burbank) told Geithner. How strange that Team Barry would suddenly become sticklers about TARP’s proper purpose and cavalier about the systemic effects of letting a huge entity fail. They were happy to ignore the former and fret about the latter when it came to rescuing GM, which is now set for $30 billion more in, ahem, “loans” as part of its imminent bankruptcy. In any ...
U.S. Jobless Rate May Soon Top Europe's
THE ASTUTE BLOGGERS —
... Here are today's Drudge headlines... California Cities Irked by Borrowing Plan... Florida's BANKUNITED; Year's Biggest Bust... Recession Turns Malls Into Ghost Towns... Dollar Falls... Fed President Says Inflation to Increase... GM Bankruptcy: As Early As Next Week... And, there's more... The US is about to lose its AAA credit rating thanks to Barack Obama and the tax and spend democrats. Bloomberg reported: Treasury Secretary Timothy ...
Friday's Mini-Report
Political Animal —
... with a graduate by the name of John McCain IV. * A week from now, the administration is likely to send GM into bankruptcy . * ...
