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GM's Debt is No Longer Junk

(CNNMoney) — General Motors reached an important milepost in its recovery from bankruptcy and bailout Monday when its debt was upgraded out of junk bond status for the first time in more than eight years. 249 more words


Media Digest (3/4/2011) Reuters, WSJ, NYT, FT, Bloomberg

Jobs are expected to be at a nine-month high in February. (Reuters)

Chrysler hopes to refinance its debt ahead of an IPO (Reuters)

Banks which mishandled mortgage paperwork have been approached by state and federal authorities with a proposal to reduce mortgage balances in exchange for leniency. 447 more words


GM Debt Free? Not Yet

Ok, so GM paid off its 7 billion in direct loans from Canada and the U.S. ahead of schedule.  However, don’t forget that GM received 43 billion in TARP bailout money in 2009 which was converted into equity in Chapter 11 bankruptcy proceedings.  173 more words