Obama’s General Motors GM Tarp Bailout

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In the post where you state that if bankruptcy laws had been followed you failed to mention two important products. First the UAW VEBA would have been a creditor and how it would have been resolved. This was $20B debt own to retirees. Second suppliers would have gotten practically nothing getting an unsecured creditor. This would have been disastrous for the supplier community as most of their loans would have been referred to as and the viability of the sector would have been compromised. One particular can not appear at GM alone but also should measure the impact to absolutely everyone involved.

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