It was utter, economic ignorance to have given any, ANY private company, money stolen from taxpayers to prop up their failures. It is colossally stupid, bordering on criminally stupid, to even be considering repeating it not once but, twice.....
GMAC, the financial lifeline for General Motors Co., Chrysler Group LLC and their dealer networks, is asking the U.S. Treasury for more federal aid beyond the $12.5 billion it’s already received, because it remains billions of dollars short of a capital reserve requirement all bank holding companies must meet.
In case you were wondering how feckless politicians decide how to handle failing companies, our friends over at SouthPark have it figured out(courtesy of Moonbattery......
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