Network News

X My Profile
View More Activity

I Am An Important Fact: GM Edition

Felix Salmon on the GM bankruptcy plan:

The new plan essentially constitutes the nationalization of GM: the US government will own 72.5% of the common equity, plus another $2.5 billion in preferred stock. I can see why bondholders like it: the US will be extremely hesitant to let any state-owned company default, and it won’t sell off its stake until GM’s future viability is assured.

More details here and here.

By Ezra Klein  |  May 28, 2009; 2:00 PM ET
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: CBO Decides Against Crazy Ruling That Would Kill Health Reform
Next: Reading Lists of the Rich and Famous

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company