While Wall Street will fear it and react to it, I think this is a start to the correct path of addressing the root issues that this country faces, and that is living on credit and greed.

Although I am not in favor of the government basically instructing a company on what to do, we the people and government have loaned them cash in a sizable amount. Protecting an investment.

Now, if the same practices can be carried over to the financial sector.. time to start weeding companies out.. change your practices or be changed. Period.

http://www.msnbc.msn.com/id/29944834 

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As to the bankers. As long as Barney Frank and Maxine Waters continue to fly under the radar of America's outrage...well, gonna get political here, so I'll shut up now...

Is this in regard to the GM CEO being told good bye per the government's request? I thought that was harsh. I don't know if I disagree with it. If he was a good CEO he wouldn't need billions of dollars of our money to stay afloat.


Sell cars for less, damn you!

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or make better cars.

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They can't afford to sell cars for less.

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American cars are fine. If you don't believe me, read Consumer Reports. Just don't buy lemons. EVERYONE makes bad cars.

The Japanese make the best cars, but barely better than Americans. Americans make SUPERIOR cars to Germans, yet people still are convinced Germans make better cars because they're more expensive and they think having one can get them laid or make them look cool or compensate for getting beaten up in high school or something. The British make awful cars. And the Swedes used to make better cars but they've been slipping recently.

Don't believe me. Fine. Like I said, don't take my word for it, read Consumer Reports.

I got 272k miles out of my Ford Taurus, 163 miles out of my Saturn (and it could have gotten another 50k miles, I just wanted a new car). The thing is, I both read Consumer Reports religiously and I don't drive like a d*ckhead.

OK, rant off. Pardon my French.

This is the part I don't get. American car companies wanted $35 billion, the nation gets pissed off. Banks want $700 billion and nobody says squat. Banks caused the recession. Car companies are victims of it.

$35 billion * 20 = $700 billion. Car companies wanted 1/20th of what banks want. People are fuming. How come nobody complained when the banks, which caused the recession in the first place by being CORRUPT and LYING, got $700 billion?

I'm not saying the car companies should be bailed out. I'm just calling a spade a spade. Banks caused the recession. Yet they get the big rewards.

Someone please explain this to me, how we reward greed, corruption, and lying. Is this what America has become?

I had a business once. It didn't make it. I want a million dollars from the government, Dammit!

EDIT: No, I'm not implying anyone here drives like a d*ckhead. I'm just saying if you drive safely, your Japanese or American car should get well over 100k miles. Your German car however will cost you thousands in repairs to get to that 100k miles.

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the banks didn't cause the recession. The recession was already going before the whole bank BS. We are now into our 18th month of a recession, way before the bank stuff

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American cars are fine.
The problems is: in Japan, the management makes almost the same as the production workers. There isn't the huge gap like there is here, where a production worker makes $20 an hour, and management makes several million.
They are WAY better organized. And the greed factor is much lower. But as long as we have CEO's that can rape a company and get away with it, the problem will continue with American companies going under.
JMO

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I'm sure this might sound stupid, but how does a recession happen? Yeah, I'm ignorant to it all, so what. Bite me!

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I'm not sure, but i think greed has alot to do with it.

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