Treasury Department is directing General Motors to prepare for a bankruptcy

GM Prepares for ‘Surgical’ Bankruptcy

By News on the Net —— Bio and Archives--April 13, 2009

Lifestyles | Comments | Back To Full Article

The Treasury Department is directing General Motors to prepare for a bankruptcy filing by June 1, despite GM's assertion that it could still reorganize without such a filing, The New York Times reported unnamed sources as saying on Monday.

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