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Friday, December 30, 2005

GM And Bankruptcy

GM is not going bankrupt. Already they have cut billions per year in costs and expect concessions from its UAW. The union does not want GM to go bankrupt, so they will be quite concilliatory when they are sitting at the bargaining table. Not only that GM has anywhere from 12 to 19 billion dollars in cash.

SO FORGET ALL THE TALK ABOUT GM GOING BANKRUPT!

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