Monday, June 1, 2009

You worry too much... It is going to be OK. But, we have sold 182% of this production...

from The Wall Street Journal
GM filed for Chapter 11 bankruptcy early Monday,
marking the humbling of an American icon that once dominated the industry and setting up a high-stakes gamble for taxpayers.
Under the plan, the Obama 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% stake, senior administration officials said.
For the filing, see:
For complete coverage:

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