Bailout, but no handout

The Chief Executive Officer of General Motors Corporation went to Washington D.C. to plead for a U.S.-government-financed, U.S.-taxpayer-funded bailout to cope with the company's looming insolvency. With regard to this plea, on AutoOninfo.net I have proposed the following:

If Congress offers a bailout package, the package should include:

1. The U.S. government loan of $15-25 billion should take seniority over all other secured debt,
2. The loan should bear an interest rate that is appropriate for the risk and the value of the assets secured, and it should come due within a reasonably short time,
3. In exchange for the loan, the U.S. government (i.e., the U.S. taxpayer) should receive warrants, at no additional cost, to purchase 300,000,000 million shares of GM stock at 1/10 of a penny.

And what are your thoughts on the matter?

Greetings to the World

I send greetings to all the world and welcome any enquiries regarding automobile reliability, durability, environmental friendliness, and sales. And I welcome readers to visit my website AutoOnInfo.net at www.autooninfo.net .