Why the GM - Cerberus - Chrysler Bailout is Bad for Taxpayers
By Robert Farago
Cerberus Capital, a highly secretive NYC-based vulture investment fund, wants the U.S. government and taxpayers to bailout its failed investment in Chrysler and its failing investment in GMAC. Its partner in this raid on the US Treasury is General Motors, a woefully insolvent automobile manufacturer whose CEO is paid $40k each day. Here's why a bailout for GM and/or Chrysler is a bad idea.
http://www.informationclearinghouse.info/article21171.htm
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=US+Treasury
Cerberus Capital, a highly secretive NYC-based vulture investment fund, wants the U.S. government and taxpayers to bailout its failed investment in Chrysler and its failing investment in GMAC. Its partner in this raid on the US Treasury is General Motors, a woefully insolvent automobile manufacturer whose CEO is paid $40k each day. Here's why a bailout for GM and/or Chrysler is a bad idea.
http://www.informationclearinghouse.info/article21171.htm
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=US+Treasury
rudkla - 8. Nov, 06:11
