free enterprise says survival of the fittest. if the government did let it go to free-enterprise, which US banks or auto companies would make it through? not many - maybe 4 large banks and no auto - none of the big 3!
names such as Ford, GM, Chrysler, Morgan Stanley, Citigroup, Goldman Sachs, etc would be insolvent! They have been a big part of the american dream - hence why the government will never let these go! TOO BIG TO FAIL!
For the auto, merging all big 3 into 1 could be a good starting point.
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free enterprise says survival of the fittest. if the government did let it go to free-enterprise, which US banks or auto companies would make it through? not many - maybe 4 large banks and no auto - none of the big 3!
Nov 10 18:26 pm
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All Comments by Diabolo »Early Stimulus Wears Off [View article]
names such as Ford, GM, Chrysler, Morgan Stanley, Citigroup, Goldman Sachs, etc would be insolvent! They have been a big part of the american dream - hence why the government will never let these go! TOO BIG TO FAIL!
For the auto, merging all big 3 into 1 could be a good starting point.