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Reply #19: Ok A Little Confused? [View All]

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MzYvonne Donating Member (30 posts) Send PM | Profile | Ignore Sun Nov-16-08 09:51 PM
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19. Ok A Little Confused?
Lets see here. Part of the 700 billion bailout is for, or has gone go to banks so they can start loaning money out. Now GM wants our Feds to loan them money. How come GM is not borrowing money from the banks that we already have given billions to? Is it because their credit is so messed up that banks will not lend to them? The main problem is because they are not selling their products. Loaning them money will not help them sell their cars.
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