What happens when you start handing out money, willy-nilly, to anyone who you think needs it? Everyone starts coming to you hat in hand, holding out their tin cup. Today GM/Chrysler, tomorrow…who knows. Thanks so much Hank and Ben.
Oh, and did I mention that GMChrys wants to hand off some toxic pension obligations onto the government at the same time? Ha, ha, ha, hey, it all make sense. If the government is buying mortgage crapola, they may as well take on pension crapola as well.