GoFuckYourself.com - Adult Webmaster Forum - View Single Post - GM grapples to avoid filing bankruptcy as cash vanishes

SomeCreep · 11-08-2008, 01:29 PM

General Motors' business has been declining for 30 years. They're not profitable. They've got 3 months of cash reserves, before they need to file for bankruptcy. If GM goes bankrupt, the economy will plunge near depression. Over 1,000,000 jobs will be lost. GM needs $25 billion dollars from the government to sustain themselves.

So now the government is asking, "Is GM's business truly viable? Or will a cash loan only prolong the inevitable?"

Not even soap operas get this good.

11-08-2008, 01:29 PM
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	General Motors' business has been declining for 30 years. They're not profitable. They've got 3 months of cash reserves, before they need to file for bankruptcy. If GM goes bankrupt, the economy will plunge near depression. Over 1,000,000 jobs will be lost. GM needs $25 billion dollars from the government to sustain themselves. So now the government is asking, "Is GM's business truly viable? Or will a cash loan only prolong the inevitable?" Not even soap operas get this good. __________________ Webair Hosting I use and recommend Webair for hosting.