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2009-03-07 Home Front Economy

GM asks for new multibillion-dollar loan

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Posted by Fred 2009-03-07 00:00|| || Front Page|| [11133 views ] Top

#1 Ask for a pony, and maybe a new business model, too. One based on making stuff for a profit, maybe.

Posted by SteveS 2009-03-07 00:59|| 2009-03-07 00:59|| Front Page Top

#2 NO.

File Chapter 11. That's what it's there for.

Posted by Parabellum 2009-03-07 08:54|| 2009-03-07 08:54|| Front Page Top

#3 I'd rather recall better TIMES.

Posted by Besoeker 2009-03-07 10:02|| 2009-03-07 10:02|| Front Page Top

#4 <<<< It coincided with an admission that GM paid Rick Wagoner, its chief executive, $15-million last year -- mainly in now-worthless stock options >>>

I wonder what his tax bill will be at the end of the year? Will the IRS take payment in the form of the stock options?

Posted by Omoter Speaking for Boskone7794 2009-03-07 10:45|| 2009-03-07 10:45|| Front Page Top

#5 $15-million last year -- mainly in now-worthless stock options

Welcome to hell Mr. Wagoner. Alternative Minimum Tax

Posted by ed 2009-03-07 12:21|| 2009-03-07 12:21|| Front Page Top

#6 I don't really care to bail out the UAW. Let GM go bankrupt. There are car manufacturers with non-union workers in the South that make quality cars people want to buy at prices they can afford. They just happen to be Japanese and Korean companies.

Posted by rwv 2009-03-07 17:23|| 2009-03-07 17:23|| Front Page Top

#7 Ummm, anybody else notice the car in the fake ad is a FORD?

Posted by Redneck Jim">Redneck Jim 2009-03-07 20:18|| 2009-03-07 20:18|| Front Page Top

#8 Do an involuntary Chapter 11 on GM, split off the military production facilities and sell them to a company like Northrop. Realistically, the only valuable parts of GM are the ones that do defense contracts - so those would be the only ones that another company would buy.

Posted by Shieldwolf 2009-03-07 20:38|| 2009-03-07 20:38|| Front Page Top

#9 #7 Ummm, anybody else notice the car in the fake ad is a FORD?

but not an F-150!

*drink up!*

Posted by Frank G 2009-03-07 21:11|| 2009-03-07 21:11|| Front Page Top

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