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GMAC receives 3rd round of bailout funds

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posted on Dec, 30 2009 @ 07:24 PM
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The troubled auto and mortgage lender will collect $3.8 billion of additional aid on top of the nearly $13.5 billion already received since December 2008, the Treasury said in a statement Wednesday.

money.cnn.com...

More bailouts? When will these end?
Too big too fail? That doesnt even make sense.

I figured this would be a good discussion or
at least a place to rant against bailouts in general!


The question I have is when do the people get bailouts,
and huge bonuses and lobbyists and perks?

I mean come on I love corvettes too, but
isnt bankrupcty actually a good thing in the end?


Why Not Let GM Go Bankrupt?

baselinescenario.com...

Do we still live in a capitalistic society?
Man, I am getting tired of these big BO's.
They stink.


What say you, ATS?
Does anyone even care about these anymore?




posted on Dec, 30 2009 @ 07:28 PM
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reply to post by dodadoom
 


Already posted came across it this morning

www.abovetopsecret.com...

[edit on 30-12-2009 by OpTiMuS_PrImE]



posted on Dec, 30 2009 @ 07:32 PM
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reply to post by OpTiMuS_PrImE
 

Sorry, I searched for it all different ways too!
Oh well! Sorry.
I will jump on that thread! Thanks OP!



posted on Dec, 30 2009 @ 07:38 PM
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reply to post by dodadoom
 


Nvm.

Anywho, I agree, but GMAC is "Technically" different than GM. (How I have no freaking clue)

I think that these companies should go under. Why keep throwing good money after bad?







[edit on 12/30/2009 by whatukno]



posted on Dec, 30 2009 @ 07:54 PM
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reply to post by dodadoom
 


If i notice a double thread ill post something gets confusing but GM, GMC, GMAC all the same lousy ass company in my books haha



posted on Dec, 30 2009 @ 08:03 PM
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reply to post by OpTiMuS_PrImE
 


BTW you linked to this thread.



posted on Dec, 30 2009 @ 08:10 PM
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reply to post by whatukno
 


LOL fixed it was posting something else at the time



posted on Dec, 30 2009 @ 08:11 PM
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let the dollar die already!
ughhh



posted on Dec, 30 2009 @ 08:29 PM
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reply to post by whatukno
 


GMAC is the financial part of GM giving loans to car or home buyers.

GMAC



posted on Dec, 30 2009 @ 08:46 PM
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Please continue on this thread.
www.abovetopsecret.com...

[edit on 30-12-2009 by dodadoom]



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