Comments on: Peter Pays Paul http://www.asiftimes.com/2010/07/22/peter-pays-paul/ Commentary on news BS Tue, 24 Jan 2012 08:19:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wilbur http://www.asiftimes.com/2010/07/22/peter-pays-paul/#comment-440 Wilbur Tue, 27 Jul 2010 15:55:21 +0000 http://www.asiftimes.com/?p=1672#comment-440 GMAC 2.0! GM should just follow the blue print of the previous incarnation, lend money for US Government approved activities (why not since it is owned by the government), sell a stake to a stupid private equity firm and then ask for another bailout when kicking the can no longer works. It works the first time. No need to reinvent the wheel. In the meantime workers and management can rake in nice bonuses and overtime selling more junk that people do not need. The leadership in Washington can feel good since GMAC 2.0 is lending and stimulating the economy. It is morning in America again! GMAC 2.0! GM should just follow the blue print of the previous incarnation, lend money for US Government approved activities (why not since it is owned by the government), sell a stake to a stupid private equity firm and then ask for another bailout when kicking the can no longer works.

It works the first time. No need to reinvent the wheel. In the meantime workers and management can rake in nice bonuses and overtime selling more junk that people do not need. The leadership in Washington can feel good since GMAC 2.0 is lending and stimulating the economy.

It is morning in America again!

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