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Merrill says GM bankruptcy "not impossible"
by mtippett | July 2, 2008 at 01:09 pm | 192 views | 3 comments
I guess that whole SUV thing was a bit short sighted...
DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday.
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July 2, 2008 at 01:09 pm by mtippett, 192 views, 3 comments
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Poughkeepsie, New York, United StatesMikeIuraduri
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Comments (3)
at 13:25 on July 2nd, 2008
mtippett, I like this story. It's good stuff.
at 13:26 on July 2nd, 2008
SUV = Suddenly Useless Vehicle
at 17:04 on July 2nd, 2008
mtippett, I like this story. It's good stuff. Whoa. Now that is a Kick in the pants, didn't Canada help bail out Chrysler like 20 odd years ago. Hope GM does not show up with Hat in Hand, after all are they not also in the consumer mortgage lending business as well?