Comments on: Citigroup Gets Bailout

By: Donklephant » Blog Archive » Auto Industry Recovery Package Back On The Table

Fri, 28 Nov 2008 17:39:37 +0000

[...] thing’s for sure…after that additional $20B for Citigroup earlier in the week, the car companies will have more ammo to say, “And why exactly not [...]

By: gerryf

gerryf — Mon, 24 Nov 2008 23:34:08 +0000

I realize that–my point. albeit exagerated to the nth degree–is that while there has been some minor grumbling in comparison, the financial sector is the group that is at fault for not only their own troubles, but all the other ones–including to a large degree, the auto industry.

The financial industry is the worst case of inbred group think we’ve ever witnessed, and the Nero’s in Washington have been playing fiddle at the dance.

By: Alan Stewart Carl

Alan Stewart Carl — Mon, 24 Nov 2008 22:59:09 +0000

gerryf: it’s simple. The automakers don’t loan money to keep the rest of America’s businesses running. The financial companies do. If credit freezes, we’re all screwed. If GM fails, there will be job losses but the industry will continue. There’s really no comparrison but, if you are concerned, do know that tens of thousands of financial sector workers have lost their jobs this year.

By: John personal trainer Austin TX

John personal trainer Austin TX — Mon, 24 Nov 2008 20:37:39 +0000

“The agreement also places restrictions on executive compensation, including bonuses”

As a condition for the bailout the top mamangement ought to be forced to resign.

By: gerryf

gerryf — Mon, 24 Nov 2008 17:32:25 +0000

Where are all the “don’t give a bailout to the auto makers” people?

Lemme see. Poor decision making by the the executives. Check.

Overpaid executives. Check.

Over paid workers. Check.

What the difference? White collar v. blue collar.

Here’s the real difference, though. The Automakers actually MAKE something that is tangible. The finaciers juggle money around so fast no one knows what is real and what is not.

And One jest, it’s most like 30 years that things have gone completely insane

By: OneJest

OneJest — Mon, 24 Nov 2008 15:44:51 +0000

Many homeowners made bad decisions and many banks made bad decisions, but the banks are being largely forgiven and the homeowners, does anyone care? You shouldn’t feel like a chump for taking a responsible mortgage, you should be proud that you are responsible. Those banks which aren’t getting killed should be proud that they were responsible. But the reason why we are bailing out banks and not people is that we care more about corporations than people. That’s what America’s history has been for the past 100 years.

By: taturose

taturose — Mon, 24 Nov 2008 15:04:14 +0000

how come everyone get a bailout and I can’t. I feel like the government could care less about me and the big shots get everything. What about me?

By: Donklephant » Blog Archive » Fed Pledges $7.4 Trillion For Credit Crunch

Mon, 24 Nov 2008 14:55:10 +0000

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