General Motors on a Collision Course with Bankruptcy

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General Motors is closer than ever to bankruptcy. It needed 90% of its investors to exchange debt for shares in the company in order to qualify for fed money. GM announced today that it had failed to meet that threshold. David Welch is Detroit Bureau Chief for BusinessWeek magazine.

Credits

Guest:
David Welch - Bloomberg BusinessWeek

Host:
Warren Olney

Producers:
Sonya Geis, Karen Radziner, Frances Anderton