Fannie Mae-No Politics (FNMA)

[capitalismforever]

The BO administration - working with lots of parties in interest - with Steve Rattner in charge - TOOK GM into a pre arranged CH 11

GM did not "go bankrupt" in the typical sense

A pre arranged outcome was determined first ---- and then the GOV led GM into 11 by the hand

The term is "pre-packaged filing", and they happen all the time. They're still a bankruptcy. 30% on average of all bankruptcies are "pre-packaged".