Wouldn't surprise me everyone else is becoming a bank. Just need to buy some some shitty S&L bank for a few million and you then have access to billions. Hartford insurance did it why not the auto's, cities etc...
GM becomes bank to access TARP funds.
- Thread starter Trendytrader
- Start date
I am pleased to announce the Great Bank of EliteTrader! Yes, our own trading site has now become a bank and is eligible for government handouts. To have your application for home refi or home equity loan ignored, please email BitBucket@elitetrader.com. Thank you, and God Bless Capitalism and government handouts.
Link is from GM site!
What Gm forgets is, if the big 3 failed, then the German, Korean, Japanese, Swedish and even the Chinese would ensure the same numbers of cars are sold.
And for zero domestic production, Toyota & Honda already buikd a bunch of cars here. They would build a lot more. And doesn't the big 3 build a lot of cars in Canada, Mexico, Brazil, etc.???
So "the hot dog vendors" would sell just as well...