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More Talk Of An "Orderly" Bankruptcy At GM (GM)

247Wallst | Fri, 12/19/2008 - 12:31pm | General Motors, GM, GM Bailout, GM bankruptcy |  Add a comment

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The Bush White House let it leak out yesterday that it was looking at Chapter 11 as a possible way to deal with GM (GM). The news is an acknowledgment that suppliers, creditors, and the UAW are not likely to agree to negotiate their rights away once they see GM get a government check.
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