Wow. Instead of two big bailouts, we may be able to pool our money into one giant bailout FAIL.
General Motors Corp. and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signaled its willingness to give away part of its ownership in the auto maker, say people familiar with the discussions.
With cash running low at both companies, Cerberus took the initiative to restart discussions that sputtered just weeks ago. At that time, both GM and Chrysler viewed a business combination as impractical and as a distraction from their mounting liquidity problems.
These companies say they need our money to make it to 2009, yet they are talking about merging? Exactly where do they get money for that? Are we going into the merger business too?
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