Quote:
Originally Posted by ssump29
I know that, but thats also why funds will be given to GM also to use as needed. The people the government are going to cover are all the companies that GM currently have a debt with before going into bankrupty.
|
Not true. Only 5 billion has been set aside for Tier 1 suppliers even though they are owed 17 billion. You can easily see how it doesn't add up. Secondly, Tier 2 and 3 suppliers are not included in the govts. safety net.
http://www.cnbc.com/id/15840232?video=1122035525&play=1