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Judge OK's U.S. plan to expedite sale of GM assets 
latimesblogs.latimes.com | by Tom Petruno | Sun, Jul 5
latimesblogs.latimes.com is the #1 Blogger for United States Department of the Treasury
Under the terms of the deal, the U.S. will get 60% of the new GM in return for its $50 billion in bailout loans. The Canadian government will get 11.7% for the loans it has extended to the company. A United Auto Workers fund will get 17.5% and bondholders and other creditors will share the remainin...
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