Quote:
Originally Posted by XcYZ
I still don't understand how Wall Street can get so much help, but when the Big 3 want a loan for a fraction of the amount, it's the most evil thing in the world. Look what AIG did after they got their billions handed to them - the executives went to some million dollar spa retreat deal...
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That's because helping the Big 3 doesn't directly benefit Henry Paulson, Goldman Sachs, the Bush admin or the private Federal Reserve. So they won't have any part of it. But it's ok for them to bailout these inflated banks that made their bad decisions even though the only thing they produce is imaginary credit. It's total hypocrisy, save Wall St. and the corrupt money masters and screw the working middle class.
Something else to consider... If the Big 3 does go bankrupt, who would want to buy their cars not knowing the future of parts, service and warranty? Eventually they'll go under and be bought out by some foreign multi-national corporation.
Also a huge part of a healthy economy is confidence... Denying the auto industry any assistance would be a huge blow to that.