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Old 11-18-08, 05:37 PM
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Cadillac(s): 2004 CTS-V
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Join Date: Dec 2004
Location: Leesburg, Florida
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Re: Buying CTS-V with GM 's Bankruptcy Potential?

For the last time people, GM is asking for LOANS, which they would pay back- not a bailout. No one seemed to care when the Government gave loans to the Airlines after 9/11, but I guess that's because you can't just drive up the street to a foreign airline after the American ones go out of business

Incidentally- the Government backed loans for the airlines actually turned a $300M profit for the Government in less than two years. Giving a loan to the world's largest carmaker could actually turn out to be a great way for the Government to generate some funds to use toward other areas of the budget that need attention.

Wall Street journal Article HERE
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