Full Text Of The Not-So-Big Three Automaker Bailout Bill

Illustration for article titled Full Text Of The Not-So-Big Three Automaker Bailout Bill

We're not usually ones for jamming our thumbs into our own eyes. Be that as it may, we're going to start sifting through the full discussion text of the automaker not-a-bailout bill entitled: "To authorize financial assistance to eligible automobile manufacturers, and for other purposes." Sounds thrilling, doesn't it? Read along with us here.

Advertisement

Share This Story

Get our newsletter

DISCUSSION

timtoolman
Timtoolman

Just scanning it, I will make several observations.

1. The use of "eligible" auto manufacturers- as if they are O.J. Sipmson(allegedly guilty of being automakers).

2. Golden parachutes will become lead zepplins.

3. 5% isn't much of a deal, but 9% sucks.

4. The top 25 executives will, in all liklihood, fly the coop.

5. Chris Dodd and Barney Frank are not on any list of incoming C.E.O.'s.