GM gets $4 BILLION more as they prepare for BANKRUPCY???..What The!!!!

Obama’s timing for things like this. Friday afternoon before a holiday weekend, so that no one in the news will pick this up. General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month. The latest $4 billion in “emergency funds” extended by the Obama administration take the total government funding to keep GM afloat since the start of the year to $19.4 billion, according to Yahoo.

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May 23, 2009 · Filed Under General Motors, Government Spending


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