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2008-12-11 Home Front Economy

GMAC says it lacks the capital to be a bank

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Posted by tipper 2008-12-11 02:13|| || Front Page|| [3 views ] Top

#1 It will have it after the bailout so after that GM will be able to apply for bank bailout.

Remember Droopy's "Hello, happy tax payers"

Posted by JFM">JFM 2008-12-11 05:51|| 2008-12-11 05:51|| Front Page Top

#2 What a coincidence:

The three-headed, serpent-tailed dog Cerberus was the offspring of Echidna and Typhon. In Greek mythology, parents didn't necessarily resemble their offspring.

Cerberus was a fierce, pitiless, flesh-eating watchdog, stationed by the River Styx, from which post he would keep the living from entering the land of the dead. Even the gods feared Cerberus, but Hercules (Heracles), for his 12th Labor, had to kidnap the three headed dog and bring him to King Eurystheus. Vergil included in his Aeneid a trip to the Underworld, in which it was necessary for the Roman hero, Aeneas, to get past Cerberus. In Book VI of the Aeneid, the Sibyl threw tranquilizers to each of the three heads of Cerberus so Aeneas could pass in safety.

Orpheus and Psyche were two other mortals who managed to get by Cerberus.

Posted by Besoeker 2008-12-11 08:26|| 2008-12-11 08:26|| Front Page Top

#3 Like a Rock.
Gm.
S
i
n
k
i
n
g.

Wonder how long Mr. Goodwrench can tread water?

Posted by USN, Ret. 2008-12-11 14:58|| 2008-12-11 14:58|| Front Page Top

#4 If they lack capital, why are they making loans?

Posted by DarthVader 2008-12-11 16:18|| 2008-12-11 16:18|| Front Page Top

#5 They are collateralized loans, that makes a big difference.

Posted by bigjim-ky 2008-12-11 16:22|| 2008-12-11 16:22|| Front Page Top

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