John D

Bankruptcy Could Reduce GM's Debt by 65%

Shadrach .. I'm pretty sure that it is not so much an attack on those more fortunate as it is the fact that the politicians (Bush Admin) threw $$$Billions to Wall St. with no song and dance or accountability and those of us that still have to work (I work in the auto business) have to crawl to Washington to BORROW money to keep us in business - You can bet that if the politicians had THEIR MONEY tied up in the auto sector and not on Wall St the tables would have been turned 180 degrees - they would have thrown the money to GM Ford & Chrysler and Wall St would have been doing the crawl. The 1st half of TARP was irresponsible to say the least and criminal to say the most. It looks like the new administration will not be throwing but actually delegating and making the financials ACCOUNTABLE this time.




On Feb 10 08:48 AM shadrach wrote:

> Bosun, why is it when those who can't support themselves don't get
> their way its class warfare but when those in the upper tiers are
> made to support them, thats not? Hating those who are more fortunate
> whether by luck or ambition and asking them to make up others shortfall
> is an attack on them.
>