Nobody's Buying SUVs So GM, Chrysler, Ford Get $25 Billion Bailout
Today's successful business model exemplified by Detroit. Make SUVs and trucks nobody wants to buy, post record losses, get government bailout.
As a reward for posting record losses, the federal government is providing $25 billion in loans to GM, Chrysler and Ford as part of a $630 billion spending bill.
The loans can be made for up to 25 years with payments deferred for up to five years. Interest rate on the loans will be about 5 percent.
I would like my mortgage set to the same terms.
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