GMAC To Get 3.8 Billion More

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#4 (permalink)

12-31-2009, 11:18 AM

Ron61

Senior Club Cobra Member

Join Date: Dec 2001

Location: Shasta Lake, CA

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Posts: 26,615

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Ernie,

I am not sure what would happen if they went broke, but I don't think it is the taxpayers job to bail out every corrupt and inefficiently ran company no matter who they are. I saw in the news this morning where some company is losing some of their overpaid CEOs because they have put a cap on the bonuses they can give themselves. And it they wind up with a bunch of old houses that they can't sell, to bad. I am sure the Govt. won't be able to do any better.

Ron

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