wizbangblog.com - 5/19/2009
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Of course, this is not a surprise. Chrysler's bankruptcy was micromanaged by Obama, and GM's will be, too, but it seems that The One may have learned his lesson on...
washingtonpost.com - 5/21/2009
faustasblog.com - 5/14/2009
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faustasblog.com —
Via Drudge, Chinese imports could bring GM political
troubles On Wednesday, Shanghai Securities News and other Chinese...
media reported that GM plans to begin exporting vehicles from China to the U.S. within two years, ramping up sales to more than 50,000 by 2014. Why has the US become ...
(more)
Buy American?
news.yahoo.com - 5/27/2009
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news.yahoo.com —
DETROIT A General Motors Corp . bankruptcy filing
seemed inevitable after a rebellion by its bondholders forced...
it to withdraw on Wednesday a plan to swap bond debt for company stock. GM has until Monday to complete a government-ordered restructuring ...
(more)
GM says bondholder offer fails; bankruptcy likely - ...
Comments
Blog Reactions
General Motors to become "Government Motors"? (GM bankruptcy plan eyes quick sale to gov't)
Hyscience —
As we march under Obama from a capitalist country to a Marxist state, this is indeed no surprise.
If Obama has his way, the government and the unions will soon own all the major corporations.
Related:
Obama Plays Robbing Hood for Auto Union Friends
Obama's bailouts are rewards for his trade union allies ...
Weds. morning links
Maggie's Farm —
... Gummint to hand GM to the unions. Brilliant. That means the gummint forced me to buy GM debt - something I never would have done. Thanks, geniuses. And yes, I do know that it's a political union pay-off. Chevy, I hardly knew ye. Chevy - and GM - is DOA. ...
Related Content
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...
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 ...
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.
Just 42% of GM Owners Likely to Buy GM Again
rasmussenreports.com 6/8/2009 — Only 42% of those who currently own a General Motors car are even somewhat likely to buy a GM product for their next car. That figure includes just 30% who are Very Likely to do so. The latest Rasmussen Reports national telephone survey shows that ...
Government: GM, Chrysler "may well require" Bankruptcy
calculatedriskblog.com 3/30/2009 — From the WSJ: Government Forces Out Wagoner at GM The administration's auto team announced the departure of [General Motors Corp. Chief Executive Rick Wagoner] on Sunday. In a summary of its findings, the task force added that it doesn't believe ...
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 ...
Preparing for the Inevitable? (GM and Bankruptcy)
poliblogger.com 4/13/2009 — 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 ...
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