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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Yes that was absolute BS. Unacceptable behavior I agree.
But unfortunately AIG could not be allowed to fail. The Big 3 argument is more debatable on that topic.
I think it's just a harder sell to Washington that carmakers need to be rescued, as opposed to some of the banks and financials that could have brought the domestic and global financial system to its knees if failed.