Monday, February 9, 2009

Feds Want Their $2 From GM, Chrysler

The Feds may force GM and Chrysler into bankruptcy to guarantee repayment of $17.4 billion in bailout money, a move the automakers say will almost certainly destroy them.

First they were doomed if we didn’t bail them out, now they are doomed if they are required to repay the loan – I think it’s time for an intervention for these two junkies. Bankruptcy may be the rehab they need.

3 comments:

Doc Milnamo said...

Nice reference to "Better Off Dead", very nice indeed!

Goldwater's Ghost said...

How nice of you to notice.

GG

Doc Milnamo said...

Better Off Dead - one of my guilty pleasures in life.