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Re: maxgold post# 2866

Thursday, 07/03/2008 7:37:19 AM

Thursday, July 03, 2008 7:37:19 AM

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Reuters: Merill Lynch says General Motors Bankruptcy "Not Impossible"

Ref - http://www.reuters.com/article/burningIssues/idUKN0244077620080702

General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday.
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