Double Standard for Bailouts?

The Banks have a better lobby who bribes more than the car lobby?

And 2 trillion was loaned by the Federal Reserve to undisclosed parties with undisclosed terms all backed by the US public. The Federal Reserve says it is not a government agency so does not have to disclose anything.

I smell a sea of fish.

Brad

I didn't keep the link from yesterday but Ford has introduced its new 2.5L and 3L powered Hybrids between $19,000-$30,000, wonder what the others gonna do.

It seems they're just following the foot steps of Toyota and Honda on a larger scale.

I guess in a short run it might work as rescue attempt.

Of course there's a double standard. But a big part of it is, the banks asked first! The auto industry is so short sighted, they didn't see it coming.

I read a while back that Ford actually developed the hybrid technology, then sold it to Toyota and had to license it back for the Escape!

US Dudes:

Consider this, if your banking system collapses, your economy collapses because now your dollar is worth nothing on the foreign exchange. That's why your banking system got the bail out it did. If the auto industry fails (what should happen) then alot of people lose their jobs (me included) but the economy doesn't collapse. Lesser of two evils.

As to where 2 trillion of your tax payer dollars went. It went to the IMF to help other failing economies of which the U.S. are allies of.

The most simple and logical explanation is probably correct, not some wild conspiracy theory. You are all pragmatic, scientific people which makes more sense?

UFG

More likely the 2Trillion went to buy up key industries falling stocks so when all is said and done they leveraged the control away from the public whom they consider inept.

I don't think they did a thing to keep the inept at bay, but why should they. It is not in their interest to do so.

Brad

Could the automakers have predicted a rapid runup in oil prices that wrecked their business along with the general economy? They were apparently making an adequate return for their investors before. Most large companies are managed to maximize profit for shareholders, and market risk is the gamble they take. In the meantime, workers suffer without management foresight to invest for future markets. Strong management has given way to large capitalists who manipulate gains for the short term.

Recent bank troubles are only the tip of a much larger debt issue. Propping up banks with cash and tax-breaks is more of the Republican trickle down BS. The United States must directly enable workers to become productive again. As in job creation! Eventually the Banks can resume their true purpose of managing the fruits of labor. Allowing the automakers to fold is not a helpful way to reorganize the economy. Unfortunately, a painful round of inflation will be required to adjust for debt. Who remembers the economic drudgery of the last "oil crisis?"

2 nite I saw on TV the government in Britain is trying to help to save the auto industry so much so that some dealers are about to introduce the 'buy one get one free' deal.

When was the last time you heard of that?