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WASHINGTON (AP) -- General Motors, the humbled auto giant that has been part of American life for more than 100 years, will file for bankruptcy protection on Monday in a deal that will give taxpayers a 60 percent ownership stake and expand the government's reach into big business.
It would be the largest industrial bankruptcy in U.S. history, and the fourth-largest overall. In addition, a GM bankruptcy would be unprecedented as the federal government would pump billions more into the company.
Originally posted by LeaderOfProgress
How many times are we going to be lied to? How many times will the criminals be allowed to steal our hard earned cash? When will we have enough?