Meanwhile, the Big Three automakers got a $25B LOAN package ...

[eppur_se_muova]

more than one commentator has asked why the assistance to Wall Street can't be in the form of low-interest subsidized loans which have to be REPAID ... if I have to repay my student loans, no matter what (including bankruptcy), why can't Wall Streeters be asked to do the same? If they can't afford it, no one can.

[ingac70]

1. Because they will never be ableto repay it...

its just throwing money at the problem and staving off the inevitable for a short while. The FED has been pumping money in since last year, and nothing has worked

[Uncle Joe]

2. Maybe because the Wall Street Bailout is intended more to protect the corrupted powers that be,

than the general economy.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4067453

"AIG- what they're really about"


http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3510596

"Paulson's bail-out package threatened as FBI investigates alleged corporate fraud"

[Sen. Walter Sobchak]

3. let them fry, all of them.

Detroit has done more to earn their failure than any other business in the history of the world.

[spoony]

4. The "them" you're talking about are working people

The leaders never, ever suffer the consequences. To that extent, if you still believe "let them fry," then feel free to kiss my ass.

[Sen. Walter Sobchak]

6. yes, I still believe "let them fry"

Americans are still going to need cars, they are still going to need financial services and they are still going to travel.

In the absense of the worthless dying automakers, airlines and banks demand for those goods and services isn't going to go away and neither will the expertise of their former employees. They will establish new, healthy and competitive companies and be better off for it.

[EmperorHasNoClothes]

5. Would you loan money to these loser banks?

I know I sure the hell wouldn't. :rofl: