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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: James Hutton who wrote (203069)	5/19/2009 6:03:58 PM
From: The Reaper	Read Replies (4) \| Respond to of 306849

AP General Motors Headquarters -------------------------------------------------------------------------------- If General Motors files for bankruptcy, as is widely expected, plans include a quick sale of the automaker's healthy assets to a new company owned by the U.S. government, a source familiar with the situation said Tuesday. The source, who was not cleared to speak with the media and would not be identified, said the plan also called for the government to forgive the bulk of $15.4 billion worth of emergency loans that the U.S. has already provided to GM. $15B thru GM and $9B thru Chrysler to the UAW from Team Obama. The automaker's healthy assets are going to be owned by the U.S. government? They just put a bullet in the head of GM.