It Will Take a Miracle for GM to Pay U.S. Back

I was impressed by What I Learned Today about the “bill of goods” that is being sold to the American taxpayer in the form of the government rescue of General Motors: $30.1 billion = 60 percent stake in New...

GM Bankruptcy: US Taxpayer Majority Shareholder in New GM

It was on the 1st of June 2009 at 8:00 AM EST, that the giant of the automotive industry GM Filed for bankruptcy. The reasons have been mismanagement, debt, and the economic crisis. The decision to file for...