Posts tagged as:

GM

Detroit Goes Bankrupt

July 19, 2013

The city of Detroit will file for bankruptcy, the largest American city to ever do so.  If this filing is approved, the city will liquidate what it needs to in order to pay off its debts, meaning that public employees (and their unions) will face a serious crunch. Detroit’s been in trouble since even before [...]

Read the full article →

Today It’s My GM

June 1, 2009

I own GM and so do you!  So, when do I get my fancy new car?  It’s mostly my company right (60% or so)? Ha! We all know that General Motors was on the way to become “Government Motors” for some time now and it finally happened today as they officially filed for Chapter 11 bankruptcy.  I’m glad [...]

Read the full article →

GM Fails: “Government Motors” Looms

May 30, 2009

Word on the street is that GM is going to finally declare bankruptcy, which they should have done months and billions of bailout dollars ago.  The Obama Nation will control 72.5% of the company, while stakeholders have been pressured into settling for 25%.  Of course, all of this has been done for two reasons: 1)  keeping the [...]

Read the full article →