Video: 05/28 GM Still On Road To Bankruptcy Despite Bondholder Deal

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Video: 05/28 GM Still On Road To Bankruptcy Despite Bondholder Deal

By NYFP on May 28, 2009 | More Posts By NYFP | Author's Website

General Motors reached a deal with bondholders that would convert debt into an equity stake in the company, briefly leading to hopes that bankruptcy had been avoided. However, that does not seem to be the case.

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