Geithner: selling off millions of Americans.
Causing hidden inflation such as higher oil price hitting Americans.
Oil 67.85 1.54 2.32%
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General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.
GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets.
http://www.cnbc.com/id/31040438/
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