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<blockquote data-quote="drewed" data-source="post: 439793" data-attributes="member: 13615"><p>So the news now, theyre back on the way to DC, driving this time....GM is pretty much saying we're the dead fish if we dont get 4 billion by the end of the month, and 12 by March and another 4 by this time next year....Ford is asking for 9 billion dolltar line of credit to stabilize operations and expect to be back in the black by 2011....</p><p></p><p>On a side note theyre asking the UAW to postpone the private trust payments coming due in the next couple months (6bill for ford 9 for GM)</p><p></p><p>Both CEOs said they will accept a salary of 1 dollar if the bailout is granted....</p><p></p><p>Personnally, with GM I think they should file for bankruptcy theyre asking money for immediate continuing of operations, fords request should be granted since they have the cash to continue operations, and need a line of credit down the road much like the gov't did with the airlines a couple years ago.</p></blockquote><p></p>
[QUOTE="drewed, post: 439793, member: 13615"] So the news now, theyre back on the way to DC, driving this time....GM is pretty much saying we're the dead fish if we dont get 4 billion by the end of the month, and 12 by March and another 4 by this time next year....Ford is asking for 9 billion dolltar line of credit to stabilize operations and expect to be back in the black by 2011.... On a side note theyre asking the UAW to postpone the private trust payments coming due in the next couple months (6bill for ford 9 for GM) Both CEOs said they will accept a salary of 1 dollar if the bailout is granted.... Personnally, with GM I think they should file for bankruptcy theyre asking money for immediate continuing of operations, fords request should be granted since they have the cash to continue operations, and need a line of credit down the road much like the gov't did with the airlines a couple years ago. [/QUOTE]
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