I agree with LceeL. Rush, rush, rush. This is all we seem to hear from this administration, and I voted for it. Well, not all of them, not Geithner. They rushed money in to the banks (GS included because it is now a bank of no checks or pass book savings)and they rushed the auto industry into and out of bankruptcy as well. Just how long would GM had been in bankruptcy is a good question. Delphi spent almost 4 years in it until the Auto Task Force stepped in with Mr. Geithner. Delphi is small, very small in comparison to GM.
Yep, the article says it all, and no one will pay except the taxpayer.
Retired after working with investment securities and portfolios for over 35 years. My interest in politics, history and the economy will provide a jump off for moneythoughts. From time to time I will post pieces of my artwork. I call my artwork political satire and I welcome your comments. I am available to speak or write economic commentary for money managers, brokerage firms or anyone else that thinks my ideas offer something worth while.
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And who, if anyone, is surprised?
I agree with LceeL. Rush, rush, rush. This is all we seem to hear from this administration, and I voted for it. Well, not all of them, not Geithner. They rushed money in to the banks (GS included because it is now a bank of no checks or pass book savings)and they rushed the auto industry into and out of bankruptcy as well. Just how long would GM had been in bankruptcy is a good question. Delphi spent almost 4 years in it until the Auto Task Force stepped in with Mr. Geithner. Delphi is small, very small in comparison to GM.
Yep, the article says it all, and no one will pay except the taxpayer.
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