Bailing Out The Big Three

Okay, so basically, we left off at November...which is now. As for everything else, its only deteriorated and no sign of relief is coming anytime soon. Fortunately however, or should i say unfortunately, a new crisis has developed. After the bank bailout crisis (to which i forgot to add AIG which has also recieved about $50-100 Billion), it seems now that the Auto Industry wants a handout too! The American Big Three: General Motors, Chrysler and Ford have been around now for decades but it seems that the current turn of events has put them on the precipace of failure. Especially GM, who claims that it might not have enough cash on hand to last through the year and certainly not enough to last past Q1 of 2009. Chrysler too is worried and it aswell has stated that by mid 2009, without help it may very well be long gone too. Ford is still surviving, but its downward spiral is only intensifying and it too doubts that it'll be able to make it to 2010 if it doesn't get some help.