Nor janmcn; not ijusluvit.

Regarding VK's...I accept we agree to disagree.

We all have differing experiences to recount. My comments about GM obtaining financing was based on my experience of aiding companies that were headed into bankruptcy with comments like, not a prayer of getting anybody to back the deal. In three different situations a white knight came forward. Very costly financing but the alternative to liquidate was the least attractive return. As per usual we flushed all the corporate execs. Cleaned up the income statement and balance sheet. Got suppliers to work with us to be able to keep their processes running and extended payment terms. Did not lay off anybody directly involved in the manufacturing process. Wound up selling the companies to folks in like businesses.

I just happen to one of many who believe there would have been a rescue effort of some kind from some body or some organization.

I love being reminded by some that Bush made the initial loan. I do not recall any discussion required about who started or finished it. My comments or position on the matter are not affected by who was in the WH when ever. I would not support having done it.

btk