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Post by jeffolie on Dec 8, 2008 17:22:52 GMT -6
GM's US rescue money, $1 Billion, going to Brazil By Russ Dallen Latin American Herald Tribune staff General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker. According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012." www.laht.com/article.asp?ArticleId=320909&CategoryId=12396Son of a Bitch!!! that is wrong.
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Post by graybeard on Dec 8, 2008 21:19:50 GMT -6
And the Brazil Fed is getting something like $35 Billion from our Fed...
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Post by kramer on Dec 10, 2008 19:27:14 GMT -6
WTF is going on here? Seriously, this really torques me. I am against these bailouts but at the least, the money should stay in the US.
This is a great site for economic information but every time I come here and read something, I leave mad.
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Post by db on Dec 10, 2008 19:42:28 GMT -6
The fault, dear kramer, is not in the site, but in ourselves!
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