[Sir Francis Dashwood]

Here’s the kicker though,when they collapse,the “loan” is defaulted on ,money spent,and taxpayers will still be on the hook for it.

Exactly.

The US Treasury should move in and buy GMAC and use the income stream to pay back the taxpayers. Cerberus has already agreed to take 30 cents on the dollar.

Then, General Motors with about 10 billion could sink or swim.

[Psycho_Bunny]

"Cerberus has already agreed to take 30 cents on the dollar."

I'm confused....doesn't Cerberus own Chrysler? What does that have to do with GM? Do they own GM also?