samhill wrote:How does that quote predate the bankruptcy if it says starting today? Just asking I think the bankruptcy laws suck, you try that & see what happens.
It then goes on to say that GM and Chrysler are at high risk of bankruptcy as they face some of the lowest U.S. sales rates in 27 years, and that both companies have said that bankruptcy would snuff out sales because consumers wouldn't buy a car from a company that might not be around to honor the warranty and provide service and spare parts.
It then states that any funds for the warranty program will come from the $700 billion Troubled Asset Relief Program (TARP) provided by Congress.
TARP goes back aways. This declaration from our leader is obviously old news. It also quite obviously predates bankruptcy.