Tag Archives: General Motors

General Motors Files For Banruptcy

AP Today General Motors filed for Chapter 11 bankruptcy.  The federal government will pull a Hugo Chavez style takeover and control 60% of the company.  The UAW will be rewarded for bankrolling Obama’s Presidential campaign with a 17.5% share.  Existing shareholders will be wiped out and the taxpayers will be stuck with a $50,000,000,000.00 combined bailout bill for GM alone.…

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