As the government’s deadline approaches, GM is putting the finishing touches on its plan for profitability. The plan is for the government to keep giving GM money:
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.
This is a good plan, from GM’s perspective. For the rest of us, I think it’s time to post this again:
(Via Boing Boing.)