Well its Monday June 1 just after 6am and in a few hours the sun will set on General Motors.

Later this morning they will go to Federal Bankruptcy court and file the papers. 

I remember President saying they were “too big to fail” and that’s why we should loan them the money. 

Who else would invest over $45 billion into a company with over $1,721 billion in liabilities? Thats right, no on.  If fact if your financial advisor did that with your money, you would fire him in a heartbeat. 

So here we are with a bunch of guys who have no auto experience plunking down OUR money on a failing business.  Ahh yes, the wisdom of the federal government.

The good news is that with this deal, they will still be able to use the GM logo.
Instead of General Motors, now its Government Motors.

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