great point on wasting money on bad paper. if GM is so well run, then why the desperate need for bail out? i agree with taking the money from AIG, but just to give it to another company? maybe ceo's are seeing "hand out" and want to pad the bonuses? if the government is going to bail, let them become owners............oh, do we want to be china?
Well I read today that the US governemt is now also bailing out citigroup so what financial fiasco in the US banking industry is next for the handout why not give GM Ford and Chrysler some cashola honestly.
Like I said over on the Enclave forum: Great post, this is the message that needs to get out. For any of those out there that were not sure what's the better idea, this pretty much sums it up. This is a "LOAN". It's a better plan than letting GM go bankrupt, listen to how much it would cost in the long run. I'm for the "LOAN".