Quote:
Originally Posted by fastball
This is a good thing. If they can get the cash to the automakers without using the bank bailout funds, that works even better for our country.
One caveat here: I do support Bush if he insists stipulations be put on the funds..... this cash is not meant to pay out for healther/legacy costs, fatten the pockets of the board or CEOs (yes, even our good friends Rick and Bob shouldn't get a dime of it), or be used for anything but to keep the lights on and the water running....
untill
GM reorganizes to become a more profitable company, including transferring the load of healthcare and legacy to VEBA in 2010 (when, even during tough economic times, they should start cutting losses drasticly and edge back toward the black).
I insist this loan should be just strictly to get GM to that point, and I will be very dissapointed in GM if it goes to anything else.
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My name is Tag and I approve of this message.
Now....anymore threads about GM and a "bailout" or ....anything for that matter should remain in this thread. I'm really getting tired of umpteen threads covering the same topic.
Please....keep it here with the loans and such.