Talk of The Villages Florida - View Single Post - More Auto Bailout Stuff
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Old 11-19-2008, 09:00 AM
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Default VK I don't disagree with what you have posted.

The problem I have is giving money to the same leadership that managed these companies to this point. The same management that allowed continuation of operations and executive life styles that do little or nothing to improve their situation.

The federal government should bail out the suppliers to protect their continuity.
Let the likes of GM go through Chapter 11 where they will be held accountable for a recovery plan.

I know too many small business owners who are trimming every nickel they can to survive during the current slow down. They do not have the luxury of a bail out. CEO's and boards of directors used to be accountable to share holder wealth. That has drastically shifted to being accountable for each others wealth and to with the needs of the company or Country.

The system needs an enema!!!!

BTK