$77 billion more to bail out bankrupt GM?

Filed under: Company News Thanks to decades of mismanagement, General Motors Corp. ( GM ) is on the brink of bankruptcy. It has about six weeks to accept the outlines of a Treasury plan and fill in its blanks. And GM will not simply be liquidated. Instead, $77 billion more in taxpayer money — on top of the $13.4 billion it has already received —

will be needed for GM to die a good death and be reborn as a smaller company. Continue reading $77 billion more to bail out bankrupt GM? $77 billion more to bail out bankrupt GM? originally appeared on Daily Finance on Mon, 13 Apr 2009 08:30:00 EST. Money.Finance|Finance|Finance

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$77 billion more to bail out bankrupt GM?