“GM burns through $10 billion” reads the headline. Surprising no one, “Government Motors” continues to destroy wealth at a record pace.

As the Senate meets today (Monday) to discuss what to do with the eviscerated U.S. auto industry, some strong words from one of the Senate’s most powerful member suggested a much-debated bailout could come with some strings attached for top executives.

Bear Stearns Shareholders Approve JPMorgan Sale; Sears Expects More Pain After Loss; Weak Economy Emboldening Costco; Pacific Rim GDP Growth; Staff Reduction at GM.