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tobias

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Posted

Developing Story on CNN: The Obama administration is giving General Motors 60 days worth of financing for restructuring, according to senior administration officials.

 

Not sure what exactly is going on just yet but thought I'd post it up. Keep your eyes peeled.

Posted

OH BOY another 60 days with government stipulations.... My wallet is starting to hurt.

Posted
OH BOY another 60 days with government stipulations.... My wallet is starting to hurt.

 

Well, that's because overweight things tend to wear out quicker. Send it my way!!! :thumbs:

Posted

Looks like they changed their minds because this is todays headline on msn.

 

Obama denies bailout funds for automakers

White House says neither GM nor Chrysler submitted acceptable plans

Posted

For the first time since all of this started, I really fear that GM is not going to survive. It seems to me as though this is completely acceptable to the current administration.

Posted

Probably because he figured that 60 days worth of funding would allow all the Top Executives enough time to pad their severence packages and bail with their golden parachutes before the good ship GM runs aground! With Rick Wagner forced out, the hand-writing on the wall should be pretty clear!

 

BTW, our headlines here read: "Top Executive at GM forced to step down" Doesn't sound like he was given the option...

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