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Old 11-07-2008, 08:43 AM   #49
kdbolt70

 
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What I don't understand, and perhaps its a bit naive of me, is why we can drop $700b+ on banks and financial institutions that knowingly made subprime loans, and not give a fraction of that sum to some of America's largest employers in their time of need. I don't think anyone doubts that these companies did not operate perfectly over the last 15 years, but to turn the cold shoulder and watch these companies fail will result in the job loss of millions. I can't imagine the government, or even private investors, will watch as the US auto market sinks like the Titanic. Perhaps I'm biased, but I feel a bailout of GM is much more deserving than a bailout of wallstreet. I mean AIG alone got some $100B+ to stay afloat. The entire auto industry is asking for a quarter of that.

Just my thoughts.
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