Posted on 12/03/2008 5:36:01 PM PST by .cnI redruM
2) Where do we draw a line on this garbage? Can you name a major industry that wouldn't require a bailout int he national interest under the criterion your link proposes? Next it's steel, then pharmacueticals, then trucking, then shipping....
No one has any obligation to conduct business in an intelligent manner. They are all “too big to fail.”
3) Nobody in Detroit couldn't have seen this coming. These people have known for years they were failing and they knew exactly why. Did they bother trying to fix it? Nope. They all relied on the “too big to fail” magic label to avoid having to assume any professional responsibility.
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