And while we’re talking about North Korea…
June 1, 2009
‘New GM’ will get $30B in last lifeline
It’s the word “last” that kills me.
General Motors will file for bankruptcy in exchange for more than $30 billion in assistance from the federal government, the Obama administration announced Sunday.
The company will seek an abbreviated, two-to-three months of bankruptcy protection Monday in court in exchange for the assistance, after which, senior administration officials said, they expect to provide no additional support.
Stop! Or I’ll say stop again!
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