Bailout Watch 465: GM Statement on U.S. Auto Industry Restructuring Announcement
Published: March 29th, 2009
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We are anticipating an announcement soon from the Administration regarding the restructuring of the U.S. auto industry. We continue to work closely with members of the Task Force and it would not be appropriate for us to speculate on the content of any announcement.
So now you know.
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I don't understand the horror that everyone's expressing. This is what the B+B have been rooting for for months. Is it because you are all surprised at the gov't hardline stance? That it isn't the same ol' same ol' that everyone assumed was going to happen because it IS the gov't? How long before GM is delisted from the Exchange? Tuesday? I'm waiting for Obama's boys to go after Cerberous once no suitable merger candidate is found. FIAT can't sustain itself let alone an anvil like Chrysler.
It's laughable that the clowns in D.C. think that they can run a company when all they are use to is spending and spending money their subjects earn.
This site always makes me laugh! I can just hear the GM boys saying "I know nothing!" John
" Again, unconstitutional. " Care to cite a chapter and verse?