Archive for the ‘bankruptcy chapter 11’ Category
May 30th, 2010 | 
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The three Atlantic City casinos once run by Donald Trump have filed for Chapter 11 bankruptcy protection – for the third time. (Feb. 17)
Duration : 0:0:40
The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.
Duration : 0:8:54
Auto giant General Motors filed for Chapter 11 yesterday in one of the largest bankruptcy cases in US history. Shortly after the filing, GM said it would close fourteen more plants, including seven in Michigan, and cut up to 21,000 more jobs. More than 2,000 car dealerships will be shut down, as well. After the factory closings, GM will have fewer than 40,000 workers buildings cars in the United States, one-tenth of a workforce that numbered nearly 400,000 in the 1970s. [includes rush transcript]
Duration : 0:9:32
Is it possible to recover from Bankruptcy.
Posted in bankruptcy chapter 11 | 
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Commercial that GM made when they filled bankruptcy
