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More Signs the Bailouts Worked?

TexasVRWC Wrote: Sep 21, 2012 12:21 AM

And word on the street is Government Motors may need another bailout.

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Ginger12 Wrote: Sep 21, 2012 9:22 AM

They should have been allowed to file for bankruptcy in the first place...along with Chrysler, but then the unions would not have been able to get such a large percentage of ownership ..... never mind the stock holders who lost their britches on the deal and the tax payers who lost 1.5 billion when the government sold the stocks on Chrysler. There is no company TO BIG TO FAIL...let them fail and someone like Bain Capital will come along and either make them profitable or allow them to die on the vine. Every taxpayer in America should be totally p!!sed over this payback to friends from Obama using their money and taxing their kids into infinity. If Obama is not beat , America will become a third world country..credit rating down again

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David70 Wrote: Sep 21, 2012 9:06 AM

Reorganize in bankruptcy or the dance just goes on.
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More Signs the Bailouts Worked?

The never-ending campaign to promote government bailouts will not talk much about news from Bank of America (BAC). You heard “we” made money on AIG which isn’t a fact since the government needed to sell its stake at $43 a share but used convoluted stuff to get the media to cheer yet another successful bailout. Just how should these bailouts be measured?

When businesses fail they should go the way of dinosaurs and if salvageable they should go the bankruptcy route. There is no way the government should step in to decide the difference and tilt...

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