The big three as they call them returned in front of congress yet again today to plead for a bailout loan. This time around the three GM, Ford and Chrysler game with a better game plan this time around. They arrived to Washington DC in Hybrid cars instead of private jets and had well prepared evidence to present. The three CEOs even agreed to all to cut their pay to $1 a year if they get the federal help they are looking for. Thats's not the only thing thats different this time, The loan numbers seem to have increased to 34 billion dollars. One thing that was the same was the same pleas and reminders of the big economy hit we would encounter if they dont get these loans. We still have to wait for final answers.
No comments:
Post a Comment