Washington keep pouring money into...

Washington keep pouring money into failed companies.  It is time for this to stop.  My goodness, what is going on here.  GMAC and General Motors are failed companies.  It is time for their top management to be replaced.  Since the Board of Directors do not the guts to do it, Washington should do it. 

Corporate Board of Directors and top levels of management at most companies is dysfunctional. The Corporate Board is nothing but a rubber stamp for management decisions, regardless of how goofy the decisions are. 

WASHINGTON -- The Treasury Department is poised to inject more than $7 billion into GMAC LLC, the first installment of a new government aid package that could reach $14 billion, according to people familiar with the matter.

As a result of the move, the government within months could end up owning both GMAC and General Motors Corp. The GM plan being devised by President Barack Obama's auto task force calls for the government to emerge with a majority stake. And the increasing infusion of taxpayer money into GMAC could turn the U.S. government into a majority shareholder there.