Tuesday, March 31, 2009

6604: Take It To The Bank.

Bailing out with a MultiCultClassics Monologue…

• New General Motors CEO Fritz Henderson acknowledged the automaker is open to filing bankruptcy to straighten out its financial mess. Hey, Henderson saw what happened to the last GM CEO who resisted such a move.

• The GM CEO also announced the company’s new “Total Confidence” program will cover the payments for cay buyers who lose their jobs. No word if Rick Wagoner qualifies for the deal.

• The Chicago Sun-Times filed for bankruptcy. Hey, maybe GM can build newspaper delivery trucks and, oh, never mind.

1 comment:

HustleKnocker said...

It's so sad that Hyundai beat the US automakers to this idea months ago.

Even when these guys are bleeding money and have guns to their heads they won't do the right thing until they have no choice.

and getting back to Hyundai, leave to some ethnic folks to come up with the cool idea.