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GM CEO: Thanks for the Money, I Think We'll Declare Bankruptcy Now

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Walter L. Newton3/31/2009 11:16:31 am PDT

re: #57 Killgore Trout

I think the old CEO ruled it out because all of the free money with no conditions or oversight. Once they figured out the government expected them to do stuff (like cut outrageous executive salaries) the plan didn’t look so appealing.

The Obama administration has decided that there is no need for luthiers, so, luthiers will have to shut down shop and find other employment before they will receive any breaks from the government.