"Bailing out" banks and other entities with mortgage backed securities is actually a good investment for the government because 90% of the loans in these securities are performing just fine. The devaluation of these securities was based on panic. The auto industry, on the other hand, is operating on a failed business model. Giving them money will only delay the inevitable collapse. Every rational person knew that there would come a day when their concessions to their unions would render them insolvent. Welcome to the day.
On Nov 15, 11:20 pm, Hollywood <[EMAIL PROTECTED]> wrote: > Gaar, > > But, but, YOU told me such things are not REALLY bail-out or > "corporate welfare", but are more like "loans". Hell, even investments > which will eventually give the poor taxpayers a good return. Just like > "similar ones" in the past. Don't you remember? > GASP!! You didn't, shall we say, "lie" or spin facts to me did you? > > Oh wait, NOW I see. None of the investment bankers and financial > instituions have unionized employes, do they? Auto compamies DO. > Never mind, I understand your "reasoning" now. > > On Nov 15, 9:44 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > No Bailout for the Auto makers. > > > They have ALREADY been given relief, prior to this Financial meltdown. > > > If they are going to fail, let them fail. > > > This way, we can get rid of these Union Jobs that are causing such a > > drag on our Auto Industry. > > > Let them file for Bankruptcy, as is the Capitalistic way.- Hide quoted text > > - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
