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Barron’s: “Big Wheels Keep on Rolling…Over Bondholders”

The federal government may be lucky to get back half of the $50 billion owed by GM (ticker: GMGMQ), consisting of nearly $20 billion of existing loans and about $30 billion that Uncle Sam plans to extend through so-called debtor-in-possession financing in bankruptcy. (“Uncle Sam’s GM Follies”)

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By admin – June 9, 2009

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