Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There was a report that they probably will soon. But what happened to the TARP money?
GM hasn't been approved for TARP money yet. They will file for bankruptcy within days if they don't get $$$. The bailout (yes, it will happen) is just delaying the inevitable.
it is ridiculous for them to expect american taxpayers to bail them out here when they just opened up a huge new operation in russia this november: GM opens USD300 million assembly plant in Russia
With or without the money... GM will still try to pull one over Americans... is that the kind of company you really want to bailout? Especially that promises to borrow more next year and the year after that...
GM hired a large law firm weeks ago to work on its bankruptcy. Hunderds of attorneys with this law firm have been working on it.
There are many different ways for GM to file bankruptcy that are being considered, e.g. controlled bakruptcy, common bankruptcy, merger with another auto maker (i.e. Chrysler) with bankruptcy components, etc., etc.
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,161,809 times
Reputation: 8105
Quote:
Originally Posted by floridasandy
it is ridiculous for them to expect american taxpayers to bail them out here when they just opened up a huge new operation in russia this november: GM opens USD300 million assembly plant in Russia
Oh, great .... I missed that one. So they're expanding in BOTH Mexico and Russia, but don't feel like using that money to fend off bankruptcy in this country ..... not when they've got a good fat bailout in the works.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
