{"id":560,"date":"2010-05-01T09:30:39","date_gmt":"2010-05-01T14:30:39","guid":{"rendered":"http:\/\/www.mdmproofing.com\/iym\/weblog\/?p=560"},"modified":"2010-05-01T00:15:09","modified_gmt":"2010-05-01T05:15:09","slug":"gm-seeking-more-loans","status":"publish","type":"post","link":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2010\/05\/gm-seeking-more-loans\/","title":{"rendered":"GM: Seeking More Loans"},"content":{"rendered":"

Just when you thought GM’s “loan payoff” scheme<\/a> couldn’t get any more pathetic:<\/p>\n

DetNews: GM Is Seeking $14.4b in DOE Loans<\/a><\/span><\/p>\n

According to the article, before GM even announced its miraculous ~$10b taxpayer-loan payoff (i.e., accounting smoke ‘n’ mirrors), it was hoping to get its hands on another $14.4 billion<\/b> in loans from the Department of Energy:<\/p>\n

\n

GM disclosed this week that it is seeking a total of $14.4 billion in retooling loans after acquiring part of Delphi Corp.’s business.<\/p>\n

GM’s expanded request includes Delphi’s application for money to retool plants to improve electric power steering systems for better fuel efficiency.<\/p>\n<\/div>\n

The article’s “last updated” mark is April 9, 2010. While GM’s not alone in seeking to get its hands on this Dept. of Energy (read: taxpayer) largesse — heck, with Chrysler in there vying for cash, GM’s not even the only fresh-out-of-BK company in the mix — it knew it was already requesting even more<\/b> government loans before it began its craptacular “Hey taxpayers! We paid you back!” PR and advertising spree on April 21 or thereabouts.<\/p>\n

Anybody else feel like slinging four-letter words?<\/p>\n","protected":false},"excerpt":{"rendered":"

Just when you thought GM’s “loan payoff” scheme couldn’t get any more pathetic: DetNews: GM Is Seeking $14.4b in DOE Loans According to the article, before GM even announced its miraculous ~$10b taxpayer-loan payoff (i.e., accounting smoke ‘n’ mirrors), it was hoping to get its hands on another $14.4 billion in loans from the Department […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-560","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGM: Seeking More Loans<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2010\/05\/gm-seeking-more-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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