Dear GM, this is what happens when you don't let the gov't take over:

[why?]

Originally Posted by 2+2

taken from this article

GM's and Chrysler's debt: just about zero. It's going to be interesting to watch how this plays out between the US automakers.

Btw, "government takeover" in the thread title reminds me, Jon Stewart did a hilarious impersonation of Glenn Beck the other night.

Um, zero? I don't think so. Both companies owe US citizens everything. Any responsible government would've let them fail, and take the consequences. How much money are we going to waste on terrible companies? For the amount of money taxpayers have given them, we should all get free cars for life...

[2+2]

Originally Posted by why?

For the amount of money taxpayers have given them, we should all get free cars for life...

That's socialism. You have completed the circle grasshopper and for that you may proceed to the next level.