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Old 10-28-2008, 06:12 PM   #9
XDCX
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Join Date: Nov 2007
Posts: 14,869
Default GM goes to the Federal Government looking for $10 Billion

The latest stories indicate that GM has approached the Federal Government and is looking for $10 Billion to complete the merger/takeover of Chrysler.

Most experts indicate that the private sector in unwilling to issue more debt to GM leaving the Federal Government as the lender of last resort.

With the election only one week away I'm sure that this story will continue to develop.
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