GM Bankruptcy: May 31st, 2009
May 31, 2009 – 1:43 pmhttp://www.cnbc.com/id/31027525
Looks like GM bondholders agreed to a debt for equity exchange today. This officially allows GM to declare chapter 11 on Monday.
What a low blow to the american taxpayer. Billions were pumped in and then the company goes bankrupt. Atleast another one of my predictions came true….