Reading Reaction Journal #1

Reference:

Craulley, C. (2009, October 28). CEO says amount of government aid sufficient. Reuters. Retriers in Oct 29, 2009, from http://www.reuters.com

Summary:

According to the article, GM does not need more help from the government. GM CEO who is Fritz Henderson thinks

that they will not need more money from the Congress. He said that the money that they got is enough. That's because

the government bought sixty percent stake in GM for Fifty Million Dollars to save the company with out running the

business. Mr. Henderson thinks that the government is going to earn a good amount of money by investing in their

company. Fritz said that there are some people who are investing in GM, who need to know how the business is going

to make sure that every thing is going alright. Some congressional Republicans and members of the House Financial

Services Committee said that there was no transparency in saving the auto bailout, and they want the public to see Gm's

financial information. GM will show the financial information of the third quarter in this year in November.

Reaction:

My major is finance so I'm interested in reading about these kinds of articles. GM is a multinational company and it has

a big business out side the United States so everyone in the world will be interested in reading about it. I was keeping

up with the company financial problem, but I did not follow up with the news to know how they solve their problems.

This article helped me to know what they did to solve it. I agree with what Barack Obama did to help them, because

GM is one of the biggest companies in the United States and in the entire world. Also, GM represent the American

Economy in the world. So if the company has a problem thats means the American economy has a problem and that is

not good for that Dollar rate against other currencies. Finally I liked the article and I think it has good new vocabulary

and good information.