GM Employs Alternative Recovery Strategy

Washington, D.C., Dec. 15, 2008 – The office of Senate Banking, Housing, and Urban Affairs Ranking Member Richard Shelby (R-AL) has confirmed that on Friday—as the senator walked out of the Hart Senate Office Building—General Motors President and CEO Rick Wagoner approached him and asked for some spare change. Initial reports indicate that Wagoner was dressed in an old coat, wearing a costume beard, and smoking a cigarette butt that he had found on the ground. The suspicious senator asked what he needed change for—at which time Wagoner rattled off a shaky story about needing to scrape together enough money to buy a bus ticket to visit his sick cousin up in Baltimore.