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SVTPerformance's Chain of Restaurants
Road Side Pub
GM quality
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<blockquote data-quote="Sinister04L" data-source="post: 11340011" data-attributes="member: 8435"><p>The bailout GM received does have to be paid back, with interest. It wasn't a gift. </p><p></p><p></p><p></p><p>GM didn't take "hundreds of billions" of dollars, they took 49.5 billion. A tremendous amount but hardly hundreds of billions. Do you have any idea how many more businesses would've closed their doors had GM not been able to stay afloat? You can add Ford to that list because once all the auto suppliers went under Ford would no longer be able to operate. </p><p></p><p></p><p></p><p>Ford without a doubt handled the situation better by securing lines of credit from banks before the credit market dried up. They were only doing marginally better fiinancially but they at least had the foresight to see the handwriting on the wall.</p></blockquote><p></p>
[QUOTE="Sinister04L, post: 11340011, member: 8435"] The bailout GM received does have to be paid back, with interest. It wasn't a gift. GM didn't take "hundreds of billions" of dollars, they took 49.5 billion. A tremendous amount but hardly hundreds of billions. Do you have any idea how many more businesses would've closed their doors had GM not been able to stay afloat? You can add Ford to that list because once all the auto suppliers went under Ford would no longer be able to operate. Ford without a doubt handled the situation better by securing lines of credit from banks before the credit market dried up. They were only doing marginally better fiinancially but they at least had the foresight to see the handwriting on the wall. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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