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Old 01-02-2010, 02:07 AM
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sunman sunman is offline
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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
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