F. George McDuffee wrote:

Auto bailout tab could top $130 billion
GM and Chrysler say they need $21.6 billion more in loans. But
that won't be enough to save Detroit. Here's a rundown of all the
auto bailout proposals.

If it was June 2007, how long would the amount that GM borrowed and wants to borrow now
take to have paid off? That is assuming the economy hadn't crashed.

Wes

On Sun, 22 Feb 2009 18:57:09 -0500, Wes wrote:

F. George McDuffee wrote:

Auto bailout tab could top $130 billion
GM and Chrysler say they need $21.6 billion more in loans. But
that won't be enough to save Detroit. Here's a rundown of all the
auto bailout proposals.

If it was June 2007, how long would the amount that GM borrowed and wants to borrow now
take to have paid off? That is assuming the economy hadn't crashed.

Wes
===========
IMNSHO forever, as GM was losing money at that point, even with
some of the slickest accountants in the business doing their
books.

The current economic contraction did not cause GM's and
Chrysler's problems, it only advanced the crunch point a few
years and sharpened the focus.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).