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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (97083)4/28/2009 12:37:15 AM
From: mishedlo3 Recommendations  Respond to of 116555
 
GM to Become "Government Motors"
globaleconomicanalysis.blogspot.com
The clock is ticking for GM. If an agreement with the bondholders and the unions is not reached by June 1, GM is headed for bankruptcy court. If the deal is approved as currently on the table, the Treasury department would become GM's largest shareholder.

Bankruptcy looks increasingly likely as GM Bondholder Group Says Offer Isn’t ‘Reasonable’. ...
Mish