They are looking for $25 billion in federal loans…..at 4.25%……about 1/3 of what they are paying now….with the government having an option to defer any payments 5 years.

In 1980, Ronald Wilson Reagan rode into the white house on the story of a welfare mother who drove a Cadillac.

Now it appears that the welfare recipient is Cadillac, with John Dingell and the rest of the whores in Michigan backing it.

If they want a bailout, then shareholders and senior management need to lose, and lose big.