National Debt Clock

Friday, May 22, 2009

U.S. to Steer GM Toward Bankruptcy

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/21/AR2009052104467.html?hpid=topnews

"The government previously indicated that it planned to take at least 50 percent of the restructured company, and likely would take the right to name members to its board of directors, as it has at Chrysler, where the government will control four of nine seats. "

Nationalization anyone?

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