Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Monday, November 9, 2009

GMAC getting more dolla-dolla bills from the government

GMAC is unable to meet it's capital "stress test" goal, thought up by the government. They were told they needed $74.6B in cash reserves to protect them in the event the economy worsened.

So they are going to borrow the money from the government, that is required by the government, in order for the government to no take them over...........Yep, that's what I said.