It seems that the realities of the various situations are starting to hit home for some of those with big pockets. Last week Richard Wagoner, CEO of General Motors, appeared before Congress. He was joined by the CEO’s of Ford, Alan Mullay, and Chrysler Robert Nadelli as they sat with top hat in hand and requested a financial bailout t the sum total of 25 billion dollars. Too bad Congress saw them coming...literally.
The three big wigs all arrived in DC via their own separate private jets and they were immediately roasted by the panel of Congressmen like in flight peanuts. With the many transgressions of AIG and the egg on the face feeling many people on the hill have behind that fiasco, it was made clear very quickly that this was the very type of behavior that was unacceptable.
Well Richard Wagoner clearly got the message and his office has announced that when he returns to