Saturday, December 6, 2008
GM'S FANTASY RECOVERY PLANBy DAN CALABRESE YOU know that $12 billion bailout, er, "bridge loan" we asked for? Can we make that $18 billion? So asks General Motors in its report to Congress, explaining that it needs $6 billion more than it wanted just two weeks ago - but not to worry, because it's really learned its lesson this time... GM's "recovery" plan would be lucky to earn a C at a respectable business college. And what little substance it offers, the company is in no position to actually...
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