Quote:
Originally Posted by jlt0x
?Aren't the US Big-3 only asking for $25b in loans all together? Not $25b each? And they have financial ties to dozens of countries and their bankruptcy would effect 3+ million in the US alone...not counting the financial ramifications in their foreign divisions.
Helping the Big-3 should've been a "no-brainer"; do it! The US automakers have confidence in definite profits within 18 months b/c they've been planning to transfer a huge chunk of their legacy costs to new organization created to handle the retirement & pension funds. They'll be able to ink b/t $5-10b in profits immediately and use that money for development and research.
|
That's right, $25B total. During testimony last week, Wagoner asked for $10 - $12B, Nardelli $7B and Mullaly $7B.