Re: GM Looking at Buying Back Delphi
If they do that, the union will start to weigh it's options about petitioning GM into Ch.11. It stands to be the largest creditor if it goes under.
The govt. is considering pushing them into Ch.11 anyways so that they can get in front of the line of creditors. As it stands now, they are behind some of the very banks the govt. has recently bailed out. Crazy......
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02-10-2009, 06:27 PM
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