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GM went tits up as a private entity so I guess I don't understand why anyone would be worried about the Feds' owning GM. Bank deposits are insured by the government (FDIC) because private banking went broke and lost all the depositors money during the great depression. Would you keep your money in a bank that wasn't insured by the fed? Our current crisis was caused by unregulated private business, mostly bankers. Government isn't the problem, greed is. I think this is a great opportunity for our Government to re-regulate these huge corporations and bring some sanity back to the market. I would like to see a lot more transparency in our Government but I still think its better than trusting private business. Humans are greedy, until that changes, we need Government.
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