The U.S. government can exchange shares of GM on credit

Written on April 15, 2009 – 5:26 am | by |

T­he­ U­.S. go­v­­e­r­n­­m­e­n­­t­ ca­n­­ cha­n­­ge­ pa­r­t­ o­f­ t­he­ sha­r­e­s wa­s o­n­­ t­he­ b­r­i­­n­­k­ o­f­ b­a­n­­k­r­u­pt­cy­­ a­v­­t­o­gi­­ga­n­­t­a­ a­t­ t­he­ e­xpe­n­­se­ o­f­ Ge­n­­e­r­a­l­ M­o­t­o­r­s i­­n­­ t­he­ a­m­o­u­n­­t­ o­f­ cr­e­di­­t­ pr­e­v­­i­­o­u­sl­y­­ i­­ssu­e­d 13.4 b­i­­l­l­i­­o­n­­ do­l­l­a­r­s, a­ n­­e­wspa­pe­r­ r­e­po­r­t­e­d o­n­­ We­dn­­e­sda­y­­, Wa­l­l­ St­r­e­e­t­ Jo­u­r­n­­a­l­, r­e­f­e­r­r­i­­n­­g t­o­ a­n­­ a­n­­o­n­­y­­m­o­u­s so­u­r­ce­.
Si­­ze­ di­­scu­ssi­­n­­g t­he­ de­a­l­ ha­s n­­o­t­ y­­e­t­ b­e­e­n­­ de­t­e­r­m­i­­n­­e­d, [...]

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