Monday, June 1, 2009 In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company. Describing the problem with the company as one that had been "decades in the making," Obama explained the rationale behind...
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Barack Obama presents rescue plan after GM declaration of bankruptcy
June 17, 2021
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