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DigitalTradz

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DigitalTradz

Re: None

Monday, 06/01/2009 8:42:32 AM

Monday, June 01, 2009 8:42:32 AM

Post# of 7196
The plan is for the federal government to take a 60 percent ownership stake in the new GM. The Canadian government would take 12.5 percent, with the United Auto Workers getting a 17.5 percent share and unsecured bondholders receiving 10 percent. Existing GM shareholders are expected to be wiped out.

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