: US Treasury ends talks with GM/Chrysler for merger funds



Blackout
10-31-08, 02:36 PM
http://www.autoblog.com/2008/10/31/u-s-treasury-ends-talks-with-gm-chrysler-for-merger-funds/

omegafiler
10-31-08, 02:40 PM
Cool. Clearly they've both got issues, but merging isn't going to fix them. I didn't think they'd give 'em $10b just so they can screw themselves and fire a bunch of people. :)

93DevilleUSMC
10-31-08, 05:44 PM
GM and Chrysler seem to think they government has money to hand out like candy. What is this, Wall-Street trick-or-treat?

hueterm
10-31-08, 11:26 PM
They do....$700B of it, recently acquired....

93DevilleUSMC
11-01-08, 02:22 PM
They do....$700B of it, recently acquired....

From our tax money. While I believe it was a necessary bailout, that $700B sent a signal to other failing enterprises that the government would automatically come to save them if they collapsed.