Big Three Automakers: GM, Ford, Chrysler beg congress for TARP funds and leave with nothing.
From the article:
GM, the biggest U.S. automaker, said Nov. 7 it may run short of the $11 billion minimum cash it needs to pay its bills each month by the end of this year and will fall ``significantly'' short of that level by the middle of next year.
and....
The GM CEO got $14.4 million in compensation in 2007, including a salary of $1.56 million. Mulally received $21.7 million for 2007, including $2 million in salary.
We are definitely a nation of debt. With all my student loans, I am also currently in the red. Maybe I could apply for TARP funds or better yet, maybe one of the Big Three CEOs could finance a starving artist.
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