Is This The Next Step Once The Fed's Cash Runs Out ?
So, the Bush Administration has stepped in and given GM and Chrylser about $14 Billion to tide them over for the holidays.... Personally, I think a card and $25 good at WalMart would have been a suitable Christmas gift, but I don't have one of those gift converter charts handy....
What is the Fed didn't give them cash from the TARP money set aside for the banks? A visit to the loan shark behind Satriale's ? What if that failed? Word is, GM and Chrysler were are prepared to make a stop at TitleMax with about half a million titles in hand.....
http://www.youtube.com/watch?v=3_iQZiVD_zA&feature=related
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8 comments:
Back to horse and buggy.
i am glad they bailed them out i hope they send ford some money also and me
Ford isn't getting any emergency cash because they're still liquid. You might have to wait a bit longer as well, Moye.
The day we can't make 5 million cars profitably is the day we're doomed. The market is there, they just need to adjust.
glad to see your break was short.
what in the hell is wrong with our federal government??? why do most of the citizens do the right thing and end up sitting around watching the one's that do the wrong things get bailed out?
When American citizens get their own lobbyists - which is what Congressmen are supposed to be - then they might have someone to look out for them.
I'm not back quite yet, but this one came to me in my sleep last night, and I thought it represented the SC6 Smartass Viewpoint well, so i wrote it.. Thanks, Paul.
i want my damn bailout soon
don't hold your breath.....
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