The Death of GM - Vehicle Acquisition Holdings & Motors Liquidation Company

[valuesystem]

General Motors is bankrupt, and has been for at least six months. In order to continue operations, the US Government and/or Federal Reserve decided to loan it money which would be repaid at some later date.

Today, a company called "Vehicle Acquisition Holdings" purchased the choice bits of GM. VAH got its money primarily from the US government

Comments

[arualanne]

This should be pretty shocking and appalling, but sadly it is not. This is the state of the world right now and they are trying to keep the panic as the level they like it instead of in overdrive to the point of insanity. Although the media likes to whip everyone up into a frenzy for ratings and such so it doesn't help the country.