GM Bankruptcy

General Motors finally filed for bankruptcy Monday June 1st. GM shares had gone from .69 to .06. The business was going under and had no choice but to file for chapter 11 bankruptcy. Obama states that unfortunately $30billion of the tax payers dollars will be going towards helping GM. He is slowly working towards get in the U.S. Government out of the auto business.

I chose this article because GM has been on the verge of going out of business for quite sometime and i found it interesting that they finally filed for bankrupty.

I dont agree with using tax payer dollars to help GM they should take care of there business without the use of innocent tax payer money.

This was presented fairly because it was factual and provided various different opinions.

I would use this source again just to follow up and see how GM is doing and how Obama is taking action in fixing the situation.




marketwatch.com