{"id":12898,"date":"2009-05-20T01:28:48","date_gmt":"2009-05-20T01:28:48","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/gm_bankruptcy_plan_eyes_quick_sale_to_government\/"},"modified":"2009-05-20T01:28:48","modified_gmt":"2009-05-20T01:28:48","slug":"gm_bankruptcy_plan_eyes_quick_sale_to_government","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12898","title":{"rendered":"GM bankruptcy plan eyes quick sale to Government"},"content":{"rendered":"<p>General Motors Corp&#8217;s (GM.N) plan for a bankruptcy filing involves a quick sale of the company&#8217;s healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.<\/p>\n<p>The source, who would not be named because he was not cleared to speak with the media, did not specify a purchase price. The new company is expected to honor the claims of secured lenders, possibly in full, according to the source.<\/p>\n<p>The remaining assets of GM would stay in bankruptcy protection to satisfy other outstanding claims.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/mergersNews\/idUSN1943363120090519\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors Corp&#8217;s (GM.N) plan for a bankruptcy filing involves a quick sale of the company&#8217;s healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday. The source, who<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12898\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,589,149,598],"tags":[],"class_list":["post-12898","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-corporationscorporate-life","category-economy","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12898"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12898\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}