Not Ranked
GMAC is a bank not a factory. It was GM's finance arm. They agreed to end deal with GM to accept bailout money last year. They have no union members.
GE's finance arm GEMONEY is also loosing money. $140 billion bailout. They are not union either.
Ford took no bailout money. $1 billion in profits 3ed quarter 2009. They are union.
This is just more money to the nonunion banks.
GM announced it will pay $1 billion per quarter until $8 billion loan is paid off (it's only the first portion of bailout money). They also took about $42 billion more TARP money.
Last edited by sunman; 01-02-2010 at 03:16 AM..
Reason: add was gms finance arm
|