Not Good, GM wants another 16 or is it 9 Billion to Survive. - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Scott@Bjorn3D · 02-17-2009, 05:20 PM

That just came across the AP.

I think they are going to force them to go bankrupt.

Or is it 9 Billion, another report.

Angrybird 12 · 02-17-2009, 05:25 PM

Quote:

Originally Posted by Scott@Bjorn3D

That just came across the AP.

I think they are going to force them to go bankrupt.

Or is it 9 Billion, another report.

didn't they get 7 billion in the first installment? maybe they added both up and came up with the 16 billion...

EDIT:
I was wrong it IS 16 billion... ouch!!!!

rmyers · 02-17-2009, 06:04 PM

Well,
As many of us predicted...the news is in...GM is seeking 16.6 Billion more from US Taxpayers.

GLBL WMR · 02-17-2009, 06:27 PM

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the capitol's doorstep.

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

kdbolt70 · 02-17-2009, 06:29 PM

Quote:

Originally Posted by GLBL WMR

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the company's doorstep.

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

Enjoy your depression

FenwickHockey65 · 02-17-2009, 06:32 PM

Quote:

Originally Posted by GLBL WMR

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the company's doorstep.

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

Quote:

Originally Posted by kdbolt70

Enjoy your depression

Good luck when you lose your job!

GLBL WMR · 02-17-2009, 06:32 PM

Quote:

Originally Posted by kdbolt70

Enjoy your depression

So be it. Depression for a few years vs. the complete destruction of the dollar via never ending bailouts. Ask any economist with half a brain which is worse.

Bitter pill. We'll have to swallow it.

PQ · 02-17-2009, 06:39 PM

Chapter 11 it is then. If this money would come from the bill 'Stimulus' I could support it. But I think theres a park somewhere that needs another statue.

GrnMchin · 02-17-2009, 06:45 PM

Be careful for what you ask for. A Depression will last closer to ten years and unemployment in double digits across the Nation will hurt everyone. A Recession will only last a few years with luck. I was hopeful for GM, but after today and the need for up to 30 billion I just don't think so. Something got to give and very soon.

kylepo · 02-17-2009, 06:45 PM

what you people dont realize is if they went in to chap 11 the GOV would provide the chap 11 financing and that would cost alot more than what they are asking for now.

leviticus88 · 02-17-2009, 06:50 PM

Quote:

Originally Posted by GLBL WMR

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the company's doorstep.

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

Hell Yeah!!! I absolutley agree! Depression is way, way, way better than being a socialists!!!

The depression is comming, regaurdless. The GOV borrowing stupid amounts of money against our childrens' future isn't going to slow it down at all! Quiet the opposite actually... Capitalism is dying!

rmyers · 02-17-2009, 06:52 PM

Quote:

Originally Posted by GLBL WMR

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the company's doorstep.

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

GLBL WMR · 02-17-2009, 06:54 PM

Quote:

Originally Posted by kylepo

what you people dont realize is if they went in to chap 11 the GOV would provide the chap 11 financing and that would cost alot more than what they are asking for now.

... or we continue to throw money at the problem, which they continue to burn through a a record pace with they're half assed recovery plan, until the country gets so fed up to the point of revolution and we finally let them go bankrupt anyway, leaving us to ultimately assume their debt PLUS all the tens of billions we gave them that they burned through AND astronomical inflation.

kylepo · 02-17-2009, 06:57 PM

Quote:

Originally Posted by GLBL WMR

... or we continue to throw money at the problem, which they continue to burn through a a record pace with they're half assed recovery plan, until the country gets so fed up to the point of revolution and we finally let them go bankrupt anyway, leaving us to ultimately assume their debt PLUS all the tens of billions we gave them that they burned through AND astronomical inflation.

Half assed plan? You clearly know nothing.

02-17-2009, 05:20 PM	#1
Scott@Bjorn3D Drives: Kami, 2013 2SS LS3 Luvin Join Date: Oct 2008 Location: Eufaula, Alabama Posts: 6,427	Not Good, GM wants another 16 or is it 9 Billion to Survive. That just came across the AP. I think they are going to force them to go bankrupt. Or is it 9 Billion, another report. Last edited by Scott@Bjorn3D; 02-17-2009 at 05:33 PM.

02-17-2009, 06:04 PM	#3
rmyers Drives: Both American Made Join Date: Feb 2008 Location: Texas Posts: 781	GM Seeks 16.6 Billion More Well, As many of us predicted...the news is in...GM is seeking 16.6 Billion more from US Taxpayers. __________________ 2012 ZL1 #213 M6 Black on Black 2013 ZL1 #2638 Convertible Auto 2010 Chevrolet Suburban 2011 GMC Seirra HD Denali

02-17-2009, 06:27 PM	#4
GLBL WMR Booya Drives: Black 2010 2SS/RS Join Date: Oct 2008 Location: PA Posts: 361	I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting **ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the capitol's doorstep. LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand. __________________ 2010 Camaro SS/RS RP6** \| 2SS package, M6, black, black leather Last edited by GLBL WMR; 02-17-2009 at 06:55 PM.

02-17-2009, 06:39 PM	#8
PQ Booooosted. Drives: 2010 Supercharged SS Join Date: Apr 2008 Location: Mobile, AL Posts: 36,716 View My Garage	Chapter 11 it is then. If this money would come from the bill 'Stimulus' I could support it. But I think theres a park somewhere that needs another statue. __________________

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02-17-2009, 06:45 PM	#9
GrnMchin Not easy being Green Drives: 67 Nova SS Join Date: Nov 2008 Location: Olympia, WA Posts: 2,256	Be careful for what you ask for. A Depression will last closer to ten years and unemployment in double digits across the Nation will hurt everyone. A Recession will only last a few years with luck. I was hopeful for GM, but after today and the need for up to 30 billion I just don't think so. Something got to give and very soon.

02-17-2009, 06:45 PM	#10
kylepo Drives: 2002 firehawk.....missing 02CE Join Date: Sep 2008 Location: Midland MI/salamanca NY Posts: 360	what you people dont realize is if they went in to chap 11 the GOV would provide the chap 11 financing and that would cost alot more than what they are asking for now.