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Maybe but the net unemployment payments may be lower than the bailout payouts being proposed. The US auto's don't provide either a critical service or monopoly service and have no logical reason to be supported.

The logical option is chapter 11 and sell off of remaining assets.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aHDYgaVOzcYY Volvo plunged the most in at least 19 years in Stockholm trading. The Gothenburg, Sweden-based company won just 115 European orders in the third quarter, down from 41,970 a year earlier. Soedertaelje, Sweden-based Scania slipped...

This wouldn't surprise me if one day nothing was sold. Look at the bloomberg posting about Volvo truck sales falling from 44000 in 1st quarter to 155 in end quarter.

Another week another bank and this one is going to cost $100M. http://www.fdic.gov/news/news/press/2008/pr08109.html Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida FOR IMMEDIATE RELEASE October 31, 2008 Media Contact: David Barr Office...

Looks like Gas had his last gasp on CNBC to me. Maybe we will see him on Fox Business. I hate CNBC in the morning as stated already they sound like white noise so always have them turned down. I prefer Bloomberg TV..

If only that was true. Problem is the money isn't saved it is spent and an IOU is issued in its place.

If this is true what the fuck is going on with GS. They are no longer an investment bank they are now meant to be a garden vanilla conservative bank that borrows other peoples money and lends it out as loans. No more trading their own account otherwise they should have stayed an investment bank...

Looks like the $700B is a drop in the ocean of the financial black hole. New president will push for another round....how about $1T this time.

www.economicrecovery.gov

And another bank bites the dust and costs FDIC fund $158Million. http://www.fdic.gov/news/news/press/2008/pr08106.html Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA FOR IMMEDIATE RELEASE October 24, 2008 Media Contact: David...

Hari Kari fell on itself. ....nice summary though in easy to understand english. :)

Margin call ....he needs the cash!

http://www.techcrunch.com/2008/10/10/sequoia-capitals-56-slide-powerpoint-presentation-of-doom/

Financial disrepair. Involvent banks should be forced into BK and assets sold.

Talk fest...great.

So banks can borrow from the FED at 1.5% and are now lending it out at 6.5%. This is just going to depress the economy more.

S^%& Happens