thieves and idiots

[wtf]

you must read this story in full to appreciate the true depths of the lunacy involved in attempting to save the three stooges.

gm, 62 billion in debt, lost 73 billion - that is right BILLION, since 2004.

their projections for bailouts is apparently nowhere near what they will ultimately require.

THEN on the other side, you have the greedy dogs of wall street desperately trying to grab a share of the cash loan from the government for their own pockets. by coming up with numerous hair brained schemes.

obama is all business so far, this is a tough one.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aX3PTMWCvBMw&refer=home

[pico]

yeah they should let the big 3 goes bankrupt and gov take over in liquidation. that way, all the debts are not obsorbed by the taxpayer. after that, big 3 could turn into a gov project.

[wtf]

many firms emerge from bankruptcy successfully. i hope that is the choice.

[pavyracer]

Why don't they just let all three go bankrupt and then give them a couple billion to create a new company FGMC??? with 1/3 of employees and 1/3 of car models so they can be profitable? They are all located in Detroit, right?

[wtf]

superb idea, but how can wall street get their greedy paws on some of that government money?

they are the ones cloggin the works, trying to get in the middle of any deal.

[pico]

superb idea, but how can wall street get their greedy paws on some of that government money?

they are the ones cloggin the works, trying to get in the middle of any deal.

pavy's idea will screw the rich people. so it'll never work. the only plausible way that'll work is to not screw over the rich people.

it is sad that US gov no longer represent citizen interest but the interest of the rich.

[wtf]

absolutely, and that is the point. when i say wall street i mean the uber rich. they all gather in the hamptons and protect each other. oblivious to the average person.

it is very sad. but still not enough for revolt.

it seems like obama is a man of the people-maybe he will shake it up.