GM Debt-Equity Swap Fails Before Bankruptcy Deadline www.bloomberg.com Sales of Existing US Homes Probably Increased in April www.bloomberg.com North Korea Threatens Armed Strike www.bloomberg.com Chrysler Could Exit Bankruptcy by Next Week •Chrysler has gotten rid of it’s liabilities, 879 dealerships, and ultimately thousands of workers www.cnbc.com Govt announces money for green jobs and training www.google.com Consumers’ confidence surges on brighter jobs view www.marketwatch.com Police officers saved by stimulus may still lose jobs www.cnn.com IRS tax revenue falls along with taxpayers’ income www.usatoday.com

Italian automaker Fiat says it’s prepared to walk away from a deal to take a 20-percent stake in Chrysler. (April 15)

Obama threatens to use the White House Press Corps to destroy the reputations of the creditors holding bonds for Chrysler who refuse to accept the loss that the Government insists they take… It is in violation of their contract and bankruptcy law. They are entitled to less loss according to the Law. Obama doesn’t like it.