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online.wsj.com - 2/17/2009

GM Seeks $16.6 Billion More in U.S. Aid

— online.wsj.com — [General Motors Chairman Rick Wagoner ] Getty Images General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters Feb. 17, 2009, in Detroit, Mich. (more) GM Seeks $16.6 Billion More in U.S. Aid

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washingtonpost.com - 2/17/2009

GM, Chrysler Ask for Billions More in Federal Aid

— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) GM, Chrysler Ask for Billions More in Federal Aid

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bloomberg.com - 2/18/2009

GM Seeks as Much as $16.6 Billion in New U.S. Aid (Correct)

— bloomberg.com — (Corrects year in which Rick Wagoner became CEO of General Motors in 10th paragraph.) Feb. 18 (Bloomberg) -- General Motors Corp. asked the U.S. for as much as $16.6 billion in new loans, more than doubling the aid to date, and said it needs some of ... (more) GM Seeks as Much as $16.6 Billion in New U.S. Aid (Correct)

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Viking Pundit — Bailouts forever - WSJ " GM to offer two choices: bankruptcy or more aid ": " General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will offer the government two costly alternatives: commit billions more in bailout money to fund the company's operations, or provide financial backing as part of a bankruptcy filing, said people familiar with GM's thinking ." Between bankruptcy and restructuring versus a government-controlled entity, I choose the former. Time to cut the corporate cord. posted by Eric at ...

GM to U.S.: More Money or Bankruptcy
Calculated Risk — From the WSJ: GM to Offer Two Choices: Bankruptcy or More Aid General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will offer the government two costly alternatives: commit billions more in bailout money to fund the company's operations, or provide financial backing as part of a bankruptcy filing... GM will argue it needs the additional government funds to stay out of bankruptcy court, people familiar with the matter said. At the same time, the company -- which previously had dismissed suggestions that it might need to ...

GM calls Treasury’s bluff
Hot Air » Top Picks — ... to do so as long as third parties keep refilling the bank accounts with cash.  The bailout allowed both sides to hold out longer and maintain unrealistic demands, just as I predicted it would.  Only when faced with imminent collapse and the loss of millions of jobs will these two sides start acting in the best interests of their business, rather than in the best interests of themselves.  The government bailout only delayed the inevitable. As if to prove that again, GM has now demanded another bailout as the price of continuing talks: General Motors Corp., nearing a federally ...

Sunday Afternoon Links
The Agitator — ... General Motors says it needs billions more in federal bailout money or the company will go bankrupt. Raise your hand if you’re surprised. ...