GMAC, which said that its second-quarter loss widened to $3.9 billion (Review my previous post on this subject.) and acknowledged it's in discussions with the Federal Reserve System on the $5.6 billion in new financial capital it needs. This is a joke, isn't it? Sad to say, but it's the truth.
Americans, when are we going to rise up and say enough is enough? I am beginning to believe that we, as taxpayers, are just sheep waiting to be slaughtered. I, for one, will not go down without a fight.
I know that the individuals that read this blog are well-informed and do care for this country. We may have different political views and agree to disagree, but we do care deeply about this country. We have to get involved and tell our Congressional Representative and Senators to stop this insanity that will for sure bankrupt our country.
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