Will the Government bailout GM?

Are you giving ideas on what kinds of props we should have? If so, I recommend you put them in the "Review This Prop!" section, and give a title like, "Hey Taylor, How's This For A Future Prop Idea?"

The payout specifically indicates that GM must receive $15+billion in bailout. It does not indicate that Chrysler or Ford will receive any of that money even though the initial $15 billion proposal was from the Big Three. If the Big Three receives $15 billion, then GM will not receive the necessary amount of money for this stock to pay out long.

"Some $13.4 billion of the rescue money will be available this month and next — $9.4 billion of it for General Motors Corp. and $4 billion for Chrysler LLC, the two auto giants that have said they could be facing bankruptcy soon without government help. GM is slated to receive the remaining $4 billion in loans after more money is released from the financial rescue account. Ford Motor Co. says it doesn't need federal cash now but would be badly damaged if one or both of the other two went under."

http://news.yahoo.com/s/ap/20081220/ap_on_go_pr_wh/meltdown_autos

So according to this article, GM will receive a total of $13.4 billion. Well short of the $15 billion required to pay out.

Here's one question, if GMAC is partially owned by GM, and if GMAC receives money from Uncle Sam related to the BAILOUT, then which proportion of that money, if any, should be considered part of GM's bailout dough? This could make a significant difference in determining which way BAILOUT closes.

So, for those who don't know, as answered in the PPXChat, GMAC does not count as part of GM.

"General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations"-foxnews: www.foxnews.com/story/0,2933,505130,00.html

When life gives you to many Apple IPO's make Apple sauce, now where did I put that blender?