Don't answer the phone, it is grim news. General Motors will soon be bankrupt. They are at the end of the road. GM dealers await our grim news as our severe recession gets worse. What we knew would take place is now occurring.
Future execs will read about the decline of Chrysler in history archives. Sadly, many will not understand how it was an over reliance on magic money that brought the fall. People were able to borrow far beyond their means and so it creates our crashcade.
Saturday, May 16, 2009
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