GM seeks $4 billion government loan

By Carleton Bryant

December 2, 2008, 08:23PM

General Motors says it needs a $4 billion loan from the federal government immediately, the Detroit Free Press is reporting.

Otherwise the automaker will be forced to sell some cars — and we know how well that's gone lately.

Maybe the federal government will give them the loan with the same conditions as a GMAC car loan — 60 months at 15.95% interest. Only when the repo man comes, he takes over the GM headquarters. Sweet.

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