Big 3 Minus 1
March 30, 2009
The Associated Press has announced that General Motors Chairman and CEO, Rick Wagoner, will step down from his position immediately. It appears that this was a direct order from the White House as a concession for additional bailout funds. It is expected today that Obama will announce additional plans to restructure GM and Chrysler. Senator Christopher Dodd (D-Conn) was quoted as saying that the execs of the Big 3 have their “head in the sand”. click here for limerick
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