http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909
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Jan. 26, 2009 10:50 a.m. Snowdoggie Reader
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Jan. 26, 2009 11:50 a.m. Strizzo Dork
isn't that exactly what the congress critter from TN said he DID NOT want to see once the automakers got their loans?
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Jan. 26, 2009 12:30 p.m. CrackMonkey Reader
Is anybody surprised? The NYT ran a piece last weekend about banks and how they weren't revising loan standards much (if at all), even after taking their piece of the "bailout" money.
The whole thing is a berkeleying sham. It's nothing but a giant present to wealthy businessmen. Makes me sick.
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Jan. 26, 2009 12:56 p.m. Xceler8x HalfDork
Well, it sure lessens complications with the "Buy American!" argument. Maybe it should read "Buy Brazilian or Japanese. It really doesn't matter anymore."
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Jan. 26, 2009 1:22 p.m. Snowdoggie Reader
It seems even stranger that the mainstream American Press hasn't picked up this story yet.
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Jan. 26, 2009 1:24 p.m. Wally SuperDork
I thought the check was for 12 braziilian dollars
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Jan. 26, 2009 2:54 p.m. GameboyRMH SuperDork
Snowdoggie wrote:
It seems even stranger that the mainstream American Press hasn't picked up this story yet.
+1
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Jan. 26, 2009 4:39 p.m. SupraWes Dork
You're giving money to crack fiends and expecting them not to buy crack with it. That never works.
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Jan. 26, 2009 10:09 p.m. Schmidlap New Reader
Brazil's turning into a pretty important auto market. With a population of almost 200 million people, and the auto sector growing by 10-15% a year, why wouldn't GM invest there? As for the money coming from the US "bailout", GM's an international company and keeping the bailout money separate from the non-bailout money would be kind of tough. If they use this $1billion to make $2billion and can repay the US government, good for them.
Bob
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Jan. 26, 2009 11:57 p.m. MitchellC Reader
Well, maybe they'll actually make some of this money back! I wonder if Brazilian workers have 50 weeks' pay in the contract after getting fired?
