Two Sides of the $Billion Coin
One of the strangest aspects of the proposed bailout efforts on behalf of the Big 3 automakers is the degree of concern suddenly shown. Why now, why them?
The government has been handing out billions without so much as a handshake or a kiss, but once the automakers started asking the microscope came out.
They focused on private jets, mismanagement and all forms of delay.
All this after giving hundreds of billions to AIG, GE and other financial institutions without any real regulatory control at all other than simple suggestion.
Why are the automakers under such a spotlight? Don’t misunderstand, I am certainly aware of the slipshod management practices and Union influence that has created many of the concerns, but trust me the financial world has been rife with their versions of the same.
This coin has tails on both sides so it doesn’t make any sense to stare longer at one side than the other.
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