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Overnight open thread – Rainbow-Hued Beam Weapons, Tired Goats, Egg-Cetera (genghis) »
May 21, 2009
Obama Administration: Good Federal Debt Money after Bad
Will provide another 7.5 beelyon dollars to GM.
With some additional convolutions, because hey, when you're spending serious jack, you can't let the crazy "for God's sake don't do this" speed bumps insist upon you as they do.
The Fed had to waive a rule separating banking and commerce so that GMAC, the former financing arm of GM which recently became a bank holding company, would be able to lend to GM customers. The rule would have blocked it from doing so because GM is a major shareholder in GMAC.
I think this actually helps Michelle's children with their algebra homework.
Gabe mentioned here the dire warning cry.
Message ack.
posted by Dave In Texas at
07:57 PM
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