Nobody asked me....
Let me be as clear as I possibly can about this..............I DID NOT WANT TO BUY A FREAKIN' CAR COMPANY ANYMORE THAN I WANTED TO PAY MY NEIGHBORS MORTGAGE, FINANCE SOMEONE'S ABORTION, OR KICK IN $24,OOO.OO FOR BARRY'S NIGHT OUT ON THE TOWN.
ANY QUESTIONS?
I DIDN'T THINK SO...
GM Bankruptcy to Bring Taxpayer Ownership, Less Debt
June 1 (Bloomberg) -- General Motors Corp., the world’s largest automaker for 77 years, will file for bankruptcy today, and emerge with majority ownership by taxpayers and liabilities reduced by more than 50 percent, the U.S. government said.
The “new GM” will get $30.1 billion in bankruptcy financing from the government, and the Treasury “does not anticipate providing any additional assistance” after that, the Obama administration said yesterday in a statement. The federal government will have a 60 percent equity stake in the retooled automaker, and 12 percent will be held by the Canadian government, which is lending $9.5 billion to the company. read the rest
4 comments:
Hope! Change!
Yes, GM is now Government Motors, soon to provide the kind of efficient, market-responsive products that our federal government is renowned for producing. I can hardly wait to see what the new cars they are going to make look like! I anticipate something like the Yugo or the Trabbie, only without the sleek, eastern European styling!
Don't hold back!!! Tell us how you really feel!!
I love the GM in the above comment:
Government Motors. LOL
:)) Come on Trabbie? I am easter Europian, we don't make dose for ages now! :)
divineoffice.org
Well, in that case, I'd like a shiny new car in my driveway when I get my butt to Oahu. I'm mean, i could use a company car!!
Post a Comment