Cheney VS GM Bankruptcy Protection

Former Vice President Dick Cheney explains why he does not perceive the help GM will receive as the best solution to overcome and recover from the financial crisis. Amongst other reasons, Cheney says that going through the chapter 11 process which allows for the reorganization of a firm might be a good way to start over. (1:02)
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Obama Administration Has No Interest In Running General Motors

By Michael Combier-Talk Radio News Service

President Barack Obama announced that even though the federal government will invest $30 billion to restructure the new General Motors, his administration has no interest in running GM which will be run by a private board of directors and a team of management. With this investment, the American taxpayers will own 60 percent of the new GM. (2:24)
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Obama: A Tough But Fair Plan For GM Stakeholders

Announcing the bankruptcy of General Motors, President Barack Obama detailed the cuts made by the United Auto Workers on health care benefits, of GM shareholders and of unsecured bondholders in order to prevent a liquidation of the auto maker. (1:20)
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Obama: A New And Stronger Chrysler Underway

By Michael Combier-Talk Radio News Service

At a press conference this morning, President Barack Obama announced that 31 days after having filled Chapter 11 bankruptcy, a new Chrysler will emerge in the coming days. President Obama added that bankruptcy has been the best solution for the auto maker and that the American people have been comforted by "this extraordinary commitment to stand behind a quick bankruptcy process." (1:15)
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