Detroit 3 want more flexibility for federal loans

[sixspeed]

Originally Posted by steinravnik

Ha ha. Besides the fact that the Feds running an auto company would be outright communist, I wonder who would run the company worse? I suspect that the Feds might actually do a better job than some of GM's past management

I'd almost agree with that statement knowing what I've seen of GM and most upper management.

Unfortunately, the Feds (on both sides of the aisle) have proven their ability to waste money faster than any private company. GM's pension obligations got nothing on Uncle Sam's.

If Sarbanes Oxley applied to the Feds, we'd have 534 members of Congress and one President in jail.

(guess the one congress person who might be exonerated).

[Buickman]

don't believe what you read, it's not the government. the Fed is a privately owned co wth access to a printing press which entitles them to charge us interest as sson as the ink is dry. how completely ignorant is this country? when will Americans wake up and ralize how badly they are getting screwed????