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GM CEO: Thanks for the Money, I Think We'll Declare Bankruptcy Now

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Killgore Trout3/31/2009 11:50:23 am PDT

re: #299 turn

Hey KT, if they restructure in bankrupcy are they still required to pay the full amount back or would this debt be negotiated like all their other debt?

I don’t know how that works. Do they get in line with the rest of GM’s creditors at the bankruptcy? Maybe they get preferential treatment but I’m not sure.