An auto industry bailout, even if it only offers temporary belief, is still worthwhile, University of Chicago law professor Richard Posner says: "The realistic goal of an auto-industry bailout is not to reform, revitalize, or restructure the domestic industry; it is merely to postpone its bankruptcy for a year or two, until the end of the depression is at least in sight and consumer confidence is restored." [View news story]
people... we did these kind of things before.
remember O J Simpson case. we bailed him when he was wrong...punished when time was right
The reason they imposed ban on short selling.....they knew markets will go up on RTC rumors and provide another chance to short sellers....as all banks including regional will tumble when they take huge write downs on mark-to-market assets before selling to treasury...
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Latest | Highest ratedAn auto industry bailout, even if it only offers temporary belief, is still worthwhile, University of Chicago law professor Richard Posner says: "The realistic goal of an auto-industry bailout is not to reform, revitalize, or restructure the domestic industry; it is merely to postpone its bankruptcy for a year or two, until the end of the depression is at least in sight and consumer confidence is restored." [View news story]
remember O J Simpson case. we bailed him when he was wrong...punished when time was right
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