@Ceili,
Quote:Why all the anger towards GM.
Not anger so much but a kind of sorrow in spite of their apparently inkcompetent management
Quote: They have a huge workforce, they have tightened up their business, paid the loans back.. How was this not good for the American Economy?
I suppose so but then shouldn’t we make up a new rule that says the Government will bail out any unsuccessful org
Quote:Bankrupting them would have gotten you where?
In a state of bankruptcy. It’s like when every time kiddie something stupid should his mommie always takes care of things
Quote:This just sounds spiteful, not smart.
Not at all but in a state of wonderment. If we had had a rule in effect allowing such bailout then I wouldn't have raised an eyebrow. But now we have to ask whether bankruptcy should be altogether abandoned and replaced by presidential decree
Quote:Businesses like people sometimes make mistakes, should we now set up debtors prisons?
Yes, in effect, it’s called bankruptcy
Quote:If you screw up, you'll pay.. I guess.
That’s life