It’s $34 Billion – Pass it to the Big Three and Move On
General Motors, Chrysler and to some end, Ford, are asking for $34 billion in subsidy loans to support their survival for the next few months. By all acounts, it won’t be anywhere near enough, but that’s beside the point. What’s funny about this is the sheer volume of justification that they’re having to go through to get these loans. AIG, it would seems, got $150 billion just because, and very few questioned the need or the justification for it.
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