So GM is going to grudgingly accept another check for $4 billion. Is anyone else so numbed to large numbers at this point that $4 billion really doesn’t seem like much money? I mean, John Paulson spits $4 billion. Tim “The Safecracker” Geithner exhales larger sums while taking his afternoon nap. (And you believed that story about closing the cash room for “painting” every afternoon).
Yes, oddly, those sorts of figures seem boring now. Even when the UAW and management have walked away from the table, we seem so attached to the Buick Lucerne that a few billion more seems trivial to throw down the tubes in order to save it from oblivion.
The U.S. government will release $4 billion in additional aid to General Motors Corp (GM.N) on Tuesday as planned, a White House aide said on Monday, ahead of the deadline for the automaker to submit a new survival plan.
I suppose we can just hope they did their homework right this time.
GM to get $4 billion aid tranche Tuesday [Reuters]
seems to me we’d be better served by giving that money to ken lewis who would lose it slower than rick waggoner.
You forgot the tags:
1) ‘Obama’s Economic Superfriends’
and
2) ‘Nick Leeson? Nick Leeson, who?’
Anyone else notice that the sphere ads are horrible? Particularly the stomach one?
Don’t sweat the big numbers. U will need wheelbarrows to carry your cash to buy a loaf of bread soon.
$4 Billion = smoked by March 1st!
i am sick of seeing the word “tranche” used for everything under the sun. you cannot cover your ignorance under the vocabulary of sophistication, assholes.
This makes me want to vomit. Up until this point, I’ve never owned an import.
Now I’ll never buy an American car (and I don’t give a shit what kind of protectionist tax deductions/credits this administration cooks up).
Unions = swine.
GM’s managment = fucktards.
I’m calling for a boycott.