From today?s Detroit News:
?The Treasury Department is preparing to announce as early as today that it will invest an additional $7.5 billion in GMAC LLC in a deal that could allow the U.S. government to hold a majority stake in the Detroit-based auto finance company.?
Translation—The arm of the U.S. government known as the Department of Treasury will use its powers of brute force and coercion to transfer revenues from those in the private sector who have earned it while providing desirable goods and services to their fellow human beings, to GMAC, a company that has shown itself to be a failure at this same task.
