Blogs Posts Related To: White House: General Motors to File for Bankruptcy...
By: TaniaRana 
White House: General Motors to File for Bankruptcy... General Motors, the humbled auto giant that has been part of American life for more than 100 years, will file for bankruptcy protection...
-
- Share:
-
-
-
-
-
- Read full report
Reach
Credibility 
READ MORE:
Reported by TaniaRana
Cell phones use report code: Related Blogs
- Blog Source: www.khq.comAdministration officials say the federal government will pump $$30 billion into GM as it makes its way through bankruptcy court. That's on top of the $20 billion in taxpayers' money that the Treasury has already lent to the automaker. ...
- Blog Source: www.huffingtonpost.comActually, the government doesn't own anything. The American taxpayers now own GM. That said, the nationalization of GM is a golden opportunity for the taxpayers to begin earning our way out of our current financial doldrums. ...
- Blog Source: www.businessinsider.comWSJ: Under the plan, the administration will spend a bit more than $30 billion to fund the bankruptcy and in exchange receive 60% of GM's stock, while the Canadian government will put in $9.5 billion for a 12.5% stake, ...
- Blog Source: zerohedge.blogspot.com... $30 billion of additional federal assistance to support GM's restructuring plan. To effectuate its plan, General Motors will use Section 363 of the bankruptcy code to clear away the remaining impediments to its successful re-launch. ...
- Blog Source: www.talkleft.comGeneral Motors is expected to file for bankruptcy protection tomorrow morning. Under the restructuring, U.S. taxpayers will own 70% of the new company. GM is racing to meet the government's Monday deadline to qualify for more aid. ...
- Blog Source: politics.getmash.netWhite House Plots GM Bankruptcy, Unsure When Taxpayers Will Recoup $50 Billion Investment. Posted by admin under. Senior administration officials, who declined to speak for attribution, said the U.S. government will be a “passive” ...
Site Links
Site Topics
Contributions
- Report Your News
- Add your voice and contribute via your cellphone - check out how to Report News via Your Cellphone
- Blog Widget
- Widget for Blog Owner
