Thread: GM Bailout...
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Old 09-17-2012, 11:37 PM   #1
tonyko1
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Drives: 2012 Camaro 2SS/RS Convertible, IBM
Join Date: Jun 2012
Location: Oregon
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GM Bailout...

Here is an imformative link, all about the GM bailout. I know there was a very long thread on this, but this article gives a good snapshot.

Personally I wish they would have went through traditional bankruptcy.

I was torn about buying my Camaro knowing it was partially funded by all of us, the taxpayers. Then again, I bought a 93 Grand Cherokee that Chrysler bought from AMC when they went under. And Chrysler paid back the US Govt way ahead of time, the first time anyways.

An interesting historical note: GM almost helped bail out Chrysler in 77-78 as they were still so big, they didn't want anti-competition monopoly problems with the US govt like what was happening to then Ma Bell, the original AT&T.

Funny how things work.

http://www.bailoutcost.com/
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