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Old 04-30-09, 12:20 PM   #11
AVGWarhawk
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Good find DT.

Quote:
It will be a "surgical bankruptcy," senior administration officials optimistically say, lasting just 30 to 60 days. The government will provide $3 billion to $3.5 billion in so-called "debtor in possession" financing to keep the company running and another $4.5 billion in exit financing. In addition, the Canadian government will provide $1 for every $3 of U.S. taxpayer money on the line.
Looks like a helping hand(s) in this one. Interesting the Canadian government is also providing. This will show you how deep the industry is across the boarder and it does affect them.
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