Gee, for someone who says he doesn’t want to run car companies, Obama sure seems to like to collect them. GM bankruptcy plan eyes quick sale to government If General Motors Corp files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a [...]
Filed under: Blog Entry | Tagged: Auto Bailout, Bankruptcy, Barack Obama, Chapter 11 Bankruptcy, Chrysler, General Motors, GM, UAW, United Auto Workers | 1 Comment »