Do we want the Federal Reserve to loan the Big 3 bailout money

[Ilsa]

versus Congress on our behalf? What are the ramifications?

HAving worked in a workout bank, I know the FDIC and Fed can be pretty good managers of problem banks, but problem auto cos?

I believe in a bailout of some form, BTW. I don't know if it should be all three or some sort of consolidation, but I don't believe we should let manufacturing of this nature die in our country.

[Selatius]

1. There should be no bailout unless the current executive management/board of directors is sacked.

New blood and new ideas are needed. You need people who are able to adapt to changes as they come and to capitalize on opportunities running these companies.

[still_one]

2. Absolutely. Why should the CEOs who got those companies into the position they are in

retain their jobs?

In addition, just as the money was loaned to the financial institutions without oversight, and thus, money is still tight, I have NO confidence that any "bridge" loan given to GM or the others will save any jobs

Maybe we should give the money to the workers to retrain them, or find other job where their skills could be used, i.e. intrastrure

[Ilsa]

3. Would you be in favor of the FR doing that, if they were

making the same requirements on the management?