Obama's plan to save GM: bankruptcy, $30 billion

Obama' S Plan Save Gm Bankruptcy $30 Billion - Politics, Business, Civil, History - Posted: 1st Jun, 2009 - 6:42pm

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Post Date: 1st Jun, 2009 - 6:42pm / Post ID: #

Obama's plan to save GM: bankruptcy, $30 billion

Obama's plan to save GM: bankruptcy, $30 billion (AP)
Political News

President Barack Obama speaks about General Motors and the auto industry, Monday, June 1, 2009, in the Grand Foyer of the White House in Washington. (AP Photo/Charles Dharapak)AP - President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.



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