Lance
Josh Adams
fooser
davenate
Mike O
Reading on Walden Bookstore
goesdownbitter
jack3566
Garnet SpyIt appears that the only way to move forward is to create a ‘more’ socialist country. Therefore, every citizen at this time should incorporate as a business and get in line at the U.S. Treasury since no matter who becomes the next president, the current president has decided that socialism is not that bad after all and is backing bailouts for everyone.
[click link for entire story] By Karey Wutkowski WASHINGTON (Reuters) - The U.S. government is considering direct financial assistance to facilitate a possible merger between General Motors Corp and Chrysler LLC, a private sector source familiar with Treasury discussions told Reuters on Monday. The Treasury Department is weighing aid of at least $5 billion, which could include capital injections and government purchases of bad auto loans, according to the source, a financial policy executive, who spoke anonymously because the discussions are private. Emergency financing, at least initially, most likely would be focused on GM and Chrysler and not Ford Motor Co, which is struggling but still better off financially than its U.S. rivals, the source said.
Sincerely,
Filed under: Economics, News, Politics | Tagged: bailout, Chrysler, GM
It’s not just a matter of incorporating; you have to show massive fiscal irresponsibility, at a level that the government itself can admire.
By Jui Chakravorty Das and Kevin Krolicki
NEW YORK/DETROIT (Reuters) - General Motors Corp and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler LLC, two sources with direct knowledge of the talks said on Monday.