Just announced....
He will provide 13.4 billion from TARP and another 4 billion (in Feb.) in
LOANS
He said bankruptcy is not an option "at this time"...due to the many reasons that were discussed here...
Admitted these are extraordinary times that require such action to avoid collapse that would be disaster for all Americans
Viable plan by March 31, reforms, etc. or money must be paid back immediately and if the only option is banckruptcy then so be it
Whew...Thank goodness! All that was needed was a fighting chance...I am confident GM can do it
