Calculated Risk: Government: GM, Chrysler “may well require” Bankruptcy.
A news round-up on the auto industry tough love bailout from Calculated Risk. Makes you wonder (again) why the financial industry got several orders of magnitude more money with fewer (or none at all) strings attached?
I guess that the financial industry has a helluva lot more political clout. Your faovrite bankers are currently lobbying hard to gut meaningful reforms to prevent the same shenanigans from happening again. Go figure.
