GM, like AIG, now playing games with gov't, taxpayer

[wilburbear]

That's the danger of the gov't needing so badly for the bailouts to work. The companies can "game" the system for better terms, or the gov't looks like a failure (which can't be allowed under Paulson).

Expect to see more of this as rational companies, who may not prefer to do this, choose what has become an option for other players in the game.

http://finance.yahoo.com/news/Still-not-clear-if-GMAC-apf-13921913.html

 

[JamesVU2000]

its becoming a political economy which is a very bad sign. Just vote in the officials who will let you borrow more money.

The country is attempting to bail itself out with itself.

 

[brokerboy]

its not fixable its just how long can they keep it up. 5 years? 10? 20? 30?

 

[libertad]

The US is a "Giant GM"......

 

[gnome]

Quote from brokerboy:

its not fixable its just how long can they keep it up. 5 years? 10? 20? 30?

The wealth of the country is being transferred to the big losers to prop them up.

In other words, the money from those who didn't screw up is being transferred to those who did.

Historically, economic declines were healthy. The weak and inefficient went by the wayside, while the strong and prudent picked up the pieces and improved their business and markets... you know, sort of "Capitalistic".

This time it's the opposite. And if the US does this enough, we'll ALL be toast. There won't be anything left to "recover with"... it will all have been spent in bailouts...

 

[MrDODGE]

What do you expect from a country that produces next to nothing?

 

[texrex2002]

gnome:

What you you propose individuals do? load up on real estate/farmland/timberland, Gold and beaten down blue chips with good fundamentals?

Hide in the woods with guns and tuna cans?

Serious question.