Why is it OK to bailout Citi, but not auto companies?

Riddil · 11-25-2008, 03:02 AM

TW... very thorough. But.... eh... actually, I'm strongly against any sort of bailout. What you did was give a lot of evidence supporting why all of the bailout's are a sham.

But that's not my question. I've already seen a lot of those number, and agree that the bailouts are a sham. But... how... why... does it seem that it's A-OK to bail-out finance, but the auto-industry, OH NOES!

Personally I think Bruce is on to a big part of it... China had a huge chunk of their national surplus re-invested directly in Fannie and Freddie. If that money dried up we'd have an international crisis. I'm sure there's other similar stories at the other finance firms.

11-25-2008, 03:02 AM	#10
Riddil Management Consultant Join Date: Aug 2002 Posts: 165	TW... very thorough. But.... eh... actually, I'm strongly against any sort of bailout. What you did was give a lot of evidence supporting why all of the bailout's are a sham. But that's not my question. I've already seen a lot of those number, and agree that the bailouts are a sham. But... how... why... does it seem that it's A-OK to bail-out finance, but the auto-industry, OH NOES! Personally I think Bruce is on to a big part of it... China had a huge chunk of their national surplus re-invested directly in Fannie and Freddie. If that money dried up we'd have an international crisis. I'm sure there's other similar stories at the other finance firms. __________________ He who dares, wins, my son. He who dares! - SAS Boredom: the desire for desires. - Tolstoy

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