Versailles

Treasury and the UAW will own GM... and Versailles tolls the death knell.

I thought this would be posted by now:

But the dramatic move means that at least temporarily the U.S. government would have the right to call all of the shots at the Detroit automaker -- as part of its $15.4 billion in loans to GM to date. GM said today it expects to receive another $11.6 billion in loans from the government this year.