Apr
28
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General Motors is finished. If the deal goes through as planned, General Motors will die on the vine. Chrysler is also headed fro the scrap yard. While I am a lousy prognosticator, I just can't believe Fiat or any other entity would want to take a stake in a company whose majority owner is the same union that helped bring the company to its knees. I'm not sure how this deal works: Meanwhile, however, bondholders pose a major stumbling block to the restructuring. Under the proposed offering
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