Comedy at Bloomberg

You have to love the deadpan humor of the folks at Bloomberg (and at Reuters, which preserves the poker face in its report):

General Motors Corp CEO Rick Wagoner is going to step down, Bloomberg reported on Sunday.

Bloomberg says people familiar with situation did not say why Wagoner is leaving.

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Any guesses about why Mr. Wagoner might be stepping down? Could this have something to do with it?

GM and Chrysler have run through most of the $17.4-billion in emergency loans approved by the U.S. government late last year and are at risk of bankruptcy without immediate assistance from the U.S. Treasury.”

Or this?

gm3

* * * UPDATE * * * Actually, The Drudge Report says it was this:

GM CEO resigns at Obama’s behest

And why not? GM is now in effect a US government subsidiary. You’ll be seeing a lot more of this sort of thing, I predict.

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