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  • Orzag to speak on at NYU at 11:00am EST - White HousePosted:02/11/2009 13:19 GMT by NeedToKnowNews
    Today at 11:00 AM EST, Office of Management and Budget (OMB) Director Peter R. Orszag will deliver a speech at New York University entitled
  • Government Will Have First Claim Ahead of Other GM, Chrylser DebtholdersPosted:18/07/2009 21:08 GMT by NeedToKnowNews
    This had been a highly contentious issue during negotiations. Many parties believed such a provision would set a bad precedent and limit opportunities for struggling firms to receive private capital injections. In the future, private sources of funding will be reluctant to assist floundering firms because they know their claims would be junior to government loans if a bailout occurs.
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