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Sunday, November 22nd, 2009

Posts Tagged ‘ Automobile Workers ’

Government May “Nationalize” GM by Swapping Debt for Equity

Apr 15th, 2009 | By Don Miller | Category: Politics & Economics

In a move that would effectively nationalize the country’s largest automaker, the U.S. government is considering taking an equity stake in General Motors Corp. (GM) in exchange for part of the $13.4 billion it has already lent the company, Bloomberg News reported, citing people familiar with the matter.

Tags: Automobile Workers, Bondholders, Chrysler, credit crisis, FIATY, General Motors Corp, Gm, GS, JPM, MS, Secured Loans, US auto
Posted in Politics & Economics | 1 Comment »

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