General Motors Bankruptcy Saga Continues

July 3, 2009

In case you were wondering, we haven't said much about General Motors' bankruptcy trial because there hasn't been much to report. The government still hasn't budged on its July 10 deadline to see the General out of bankruptcy or liquidated; GM is still trying to sell off bad assets like superfund sites and golf courses so it can make a fresh start; and investors are still challenging the bankruptcy and the fed's deadline. Another round of hearings has just wrapped, so we hope to have some fresh details soon. Stay tuned.

[Freep]

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