Which of the following statements regarding the June 2009 bankruptcy of General Motors (GM) is false?
A) The government provided more than $50 billion in the bailout.
B) The common stockholders received no cash.
C) The U.S. government still owns some of the common stock of GM as of 2014.
D) The secured debtholders were paid off in full.
Correct Answer:
Verified
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