Big Lender GMAC Asks for More U.S. Aid

Discussion in 'Current Events' started by Kevin_Kennedy, Oct 28, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    http://www.nytimes.com/2009/10/28/business/28gmac.html?_r=1&ref=todayspaper

    So how many more bailouts is it going to take to protect them from their own failures? We can't continue to prop up these failed businesses indefinitely. The market needs to reallocate resources and we need to allow it to happen. The more we postpone this process the longer we're going to suffer.
     
  2. pete
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    pete The food stamp president

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    I agree ... good thing the government stepped in to help

    More bailouts for GMAC show shortcomings of pay restrictions - Oct. 28, 2009
     
  3. Darkwind
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    Darkwind Gold Member

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    If they are not bailed out, how will 'The Obama' (may his life be pure) continue to hold the support of the 'The Union'. After all, no cars if there is no financing, right?
     

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