General Motors will be restructured under government supervision. In exchange for loans and other obligations, the company's stakeholders would receive shares in a new GM.
SOURCE: | By Brenna Maloney and Todd Lindeman - The Washington Post - June 2, 2009
U.S. Bets Billions on GM's Resurgence Article | President Obama laid out his case yesterday for committing billions of dollars more to the rescue of General Motors, arguing that the nationalization of the industrial giant was necessary to bolster the foundering U.S. economy.