Tuesday, October 28, 2008

Merger May Be Funded By The Government?!

GM is, once again, asking the government for money. This is truly amazing as the $50 billion they wanted hasn't been (fully) approved yet. If the merger actually occurs and the government does pay for it, the money would be coming straight from the controversial $700 billion package originally intended to bail-out the banking system. The next thing you know, they're gonna be asking for money to split up. They should just handle their business on their own. The government should practice more of a laissez-faire approach with these companies (and the banks/wall street) and have them learn (the hard way) from their mistakes.

No comments: