Automakers Receiving Government Money?!

Rather than write my own article, I'll direct you to an already-written one on SeekingAlpha.com.

Click to read Article

The most noteworthy thing about this is how the government and media have allowed this to happen silently. Though, as the author states, $25 billion isn't much compared to other recent events, I think that the terms are what's most interesting. These loans are low-interest and don't even require repayment for the next five years, while AIG is paying 11% on all of their $85 billion line of credit (even monies not used) while forfeiting 80% ownership of the company.

I guess the auto lobby is better than the insurance lobby.