kevin21boston
04-22-2009, 01:02 AM
-Citigroup owes the government $45B but is only worth $17B. They have an additional $95B due in accounts payable.
-AIG owes the government $185B but is only worth $3.9B. They have an additional $176B in debt.
-GM got an additional $5.5B yesterday, which is in addition to the $13.4B that they got along with Chrysler, all despite only being worth $1B. They have an additional $44B in debt.
Why the hell is Obama giving money to these companies? Is he not looking at the numbers? Citi will survive, but AIG and GM are on life support and on any given day they could declare bankruptcy (http://www.youtube.com/watch?v=HuGIgf-ICHM).
-AIG owes the government $185B but is only worth $3.9B. They have an additional $176B in debt.
-GM got an additional $5.5B yesterday, which is in addition to the $13.4B that they got along with Chrysler, all despite only being worth $1B. They have an additional $44B in debt.
Why the hell is Obama giving money to these companies? Is he not looking at the numbers? Citi will survive, but AIG and GM are on life support and on any given day they could declare bankruptcy (http://www.youtube.com/watch?v=HuGIgf-ICHM).