GM borrows $4 billion more, prepares for bankruptcy, page 1
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Topic started on 23-5-2009 @ 11:59 PM by TheAssociate
General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month.
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If they're going bankrupt anyway, why are we still giving them our hard earned tax money? This is ludicrous. They should have been allowed to fail as per the laws of Capitalist economics. Why can't they just file bankruptcy and get it over with? Why are they prolonging the inevitable at the expense of the American Tax Payer?


TA
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