Don't Feed the Hobos
they’ll never leave...
General Motors Corp. will offer the government the choice of giving it billions more in bailout money or seeing it file for bankruptcy when it presents a restructuring plan next week, according to a report published Saturday.
...[in addition] GM believes that if it is forced to seek bankruptcy, it would need government funds for debtor-in-possession financing, because such funding wouldn’t be available from private sources, according to the Wall Street Journal report.
Always helpful, ThankYouNancy and the Banking Auto Queen toss the drowning man an anchor:
We trust that your restructuring plan will demonstrate to the world that you are willing to make the tough decisions that modernize your operations, restructure your debt, enhance your competitive status in the global marketplace, and protect American jobs for the future,” the letter said.
Just makes ya wanna jump in line for summa that “FREE” $$$$$, don’t it?
Posted by Claire on 02/14 at 08:19 PM
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