CompoundInterestFan
Recycles dryer sheets
- Joined
- Jan 20, 2007
- Messages
- 222
Presidential election could bring Big Three bailout - Sep. 4, 2008
"Cole argues the loan package could be a relatively cheap alternative to the economic harm that would take place if one of the automakers were to fall into bankruptcy."
So are GM/Ford/Chrysler really too big to fail? I don't pretend to understand all the workings of the economy, but to me this seems like yet another case of privatizing the gains and socializing the losses. Also, if American taxpayers are going to bail them out, shouldn't we get some kind of guarantee that they can't send jobs overseas?
"Cole argues the loan package could be a relatively cheap alternative to the economic harm that would take place if one of the automakers were to fall into bankruptcy."
So are GM/Ford/Chrysler really too big to fail? I don't pretend to understand all the workings of the economy, but to me this seems like yet another case of privatizing the gains and socializing the losses. Also, if American taxpayers are going to bail them out, shouldn't we get some kind of guarantee that they can't send jobs overseas?