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Obama’s plan to save GM: bankruptcy, $30 billion

Posted on: June 2nd 2009 in Press Releases.

WASHINGTON (AP) — President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as “reluctant shareholder” when it assumes a 60 percent ownership of the smaller carmaker that emerges. The president said …

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Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
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