U.S. Expected to Own 70% of Restructured G.M.

05-26-2009 • NY Times

The United Automobile Workers, meanwhile, will hold up to 20 percent through its retiree health care fund, and bondholders and other parties will get the remaining share. Shareholders would be virtually wiped out. [nice guys Obama Inc.]

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U.S. Expected to Own 70% of Restructured G.M.

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