GM Inside News Forum - View Single Post - GM STATEMENT: "We acknowledge we have disappointed; Violated your trust; Lost focus"

gmlr · 12-08-2008, 09:26 AM

Its time for GM to stop begging. If they do not want to give GM a bridge loan then GM should file Chap 7 at 2pm EST. The Chap 7 will cause all car production in NA to stop in a matter of weeks, this is the Xmas wish of some. Citibank needs 25 Billion given, they need 20 Billion given, they need backstop 300+ Billion given(not a loan). AIG needs 100-200 Billion given (not a loan). GM CEO must beg like a child for what, a 10-20 billion loan. GM must make a line and hold it, Chap 7 at 2pm EST if no bridge loan is assured. Lehman did not beg, it did not get a gift like Bear Sterns and filed for BK before the sun set. The Lehman BK cost the Govt over 500B. Its time for GM to show that the days of begging are over.

12-08-2008, 09:26 AM	#8 (permalink)
gmlr 2.4 Liter SIDI ECOTEC Join Date: Mar 2005 Posts: 263	Re: GM STATEMENT: "We acknowledge we have disappointed; Violated your trust; Lost foc Its time for GM to stop begging. If they do not want to give GM a bridge loan then GM should file Chap 7 at 2pm EST. The Chap 7 will cause all car production in NA to stop in a matter of weeks, this is the Xmas wish of some. Citibank needs 25 Billion given, they need 20 Billion given, they need backstop 300+ Billion given(not a loan). AIG needs 100-200 Billion given (not a loan). GM CEO must beg like a child for what, a 10-20 billion loan. GM must make a line and hold it, Chap 7 at 2pm EST if no bridge loan is assured. Lehman did not beg, it did not get a gift like Bear Sterns and filed for BK before the sun set. The Lehman BK cost the Govt over 500B. Its time for GM to show that the days of begging are over.