U.S. Treasury considering bankruptcy for GM and Chrysler????
posted by Stephen @ 8:52 AM
February 23, 2009
Car crashes into a bank
According to a Reuters news article, people involved in talks with senior administration officials stated that the administration believes the option of Chapter 11 filings by the two auto makers needs to be seriously considered. Estimates stand at GM and Chrysler needing at least $40 billion in order to survive for the near future. Head on over to Reuters for more.
Tags: Chrysler, General Motors, GM
