Large Scale Central

The cost of Congress' failure to act

http://news.yahoo.com/s/nm/20081215/bs_nm/us_generalmotors_loan_bankofamerica

Bank of America says GM will need a $30 billion loan to get through bankruptcy.
It will probably go down just as BOA says.
It is my guess they are probably speaking for the Federal Reserve.
Ralph

Guys, it is just starting. You’ve got the Chicago boys going to Washington. So far, what you have seen can’t even be classified as corruption. Compared to what is going to happen, this recent past is only a slight of hand.

For the more historically minded, it’s a time for nostalgia. The past comes alive as Chicago’s grand tradition of corruption is sustained for another generation. As the Chicago Tribune once wrote, “corruption has been as much a part of the landscape as corn, soybeans and skyscrapers.” According to the Chicago Sun-Times, as of 2006, when Blago’s predecessor, George Ryan, was sent to prison for racketeering, 79 elected officials had been convicted of corruption in the past 30 years. Among the perps: 27 aldermen, 19 judges, 15 state legislators, three governors, two congressmen, one mayor, two turtledoves and a partridge in a stolen pear tree. Especially in this holiday season, it’s so very important to keep traditions alive for the kids. In a sense, Blago did it for the children.

Well, that makes it OK then, if it was for the children. :smiley:

The Senate says no to Detroit.
But the finance arm of General Electric receives $139 billion.
For what GE charges me in interest, I should be getting the bailout.
Ralph

http://news.yahoo.com/s/politico/16620;_ylt=Ag4QkKu69oxOShu0LYS1GIpv24cA