Barack Obama has rejected requests by GM and Chrysler for more bailout money and told them to come back with new plans within 2 months or go bankrupt. GM’s CEO was told to resign by Obama. GM owns Holden here. It’s likely the Australian government would intervene to ensure Holden doesn’t collapse.Don’t buy a Chrysler or a Holden any time soon. The FTSE 100 fell 2% on fears about a GM bankruptcy. 2. Bank and non-bank home mortgage lending grew NZ$293 million in the month of February to NZ …

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