Talk of The Villages Florida - View Single Post - More Auto Bailout Stuff
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Old 11-20-2008, 09:48 PM
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Originally Posted by SteveZ View Post
The problem is, they can huff and puff all they want at Congressional hearings (Auto execs and congressfolk), but the reality is, the federal government does not have any way to enforce any restructuring demand other than Bankruptcy Court. There is no federal agency structured to oversee these "bailout" situations, and Congress doesn't have the staffing to do it either. So, how would the fed enforce any proviso to cash-giving?
thus, listen to Mitt Romney.