Sunday, May 31, 2009

GM Bondholder Deadline Passes as Bankruptcy Looms

http://www.foxnews.com/story/0,2933,523358,00.html?test=latestnews

1. What is this item about?GM Bondholders had a 5 o'clock deadline saturday to decide of thy were gunna accept an offer to swap their $27 billion in debt for at least a 10 percent stake in a new GM. GM is making a step in the right direction by commin up wit a cross cutting plan.


2. Why did you choose it?Gm and other big corps. have a big part in our economy


3. Do you agree with what's happening in the news item you chose? Why or why not?yes GM is havin some problems and it could be on its way out if they dont rebuild


4. Do you think the information has been presented fairly? Why or why not?yes i do it tells us whats goin on and keeps up somewhat up to date


5. Would you use this news source again?yess

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