UH2L

Automakers: A Pitiful Trio

The main problems behind our economic issues are short-sighted thinking, as Vienna notes, and greed, from both the corporate side and the private side. This greed led to predatory lending, fake financial instruments, speculation, and people buying more than they could ever afford, selling houses for more than what they were truly worth. This all fueled the bubble of fake value in the stock market.

I wrote an article about the loans to the auto industry and why they're necessary. The situation is not all the fault of the Detroit 3 and their products are better than the media gives credit for...

uh2l.blogs.com/things_...

UH2L