Quote:
Originally Posted by jrc1122
/....and since when is going bankrupt an honorable or respectable thing to do anyway..
Stock owners, got screwed, Many dealerships got screwed, people lost jobs, bills didn't get paid, and the tax payer was left on the hook. Both for the bail out.. and also the Unemployment benifits of all those folks who lost their jobs.
(Yes I understand Unemployment is yet another tax paid by the employer, but that isn't where 100% of the funds come from, the government also subsidizes that program as well)
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Shit happens.
It was better than the alternative.