"John" wrote in message
...
On Mon, 15 Dec 2008 20:25:11 -0500, Tom Francis - SWSports
wrote:

At first, I was ok with the Treasury buying up mortgage securities and
stabilizing the mortgage industry.

Then I got a little itchy when that changed into a bank bailout, but I
rationalised that as necessary to keep the country's economics stable.

I became concerned that after the money was dispersed, there didn't
seem to be a lot of money coming back out in the form of loans to
small business and/or stabilizing a rational approach to mortgage
lending for private and commercial development.

I became annoyed when the Little Three wanted money to bail out their
ridiculous UAW health care system and keep them afloat with failed
business plans and no plans forthcoming for the future.

Now I'm ****ed off.

http://www.denverpost.com/business/ci_11047116

Enough stupiditiy to make me give up skiing:

"In that vein, 70 ski resorts across the nation are lobbying Congress for
mandatory caps on carbon-dioxide emissions, hoping to decrease the amount
of greenhouse gases that contribute to global warming."

A point to ponder. Why should UAW be any more preferential than the other
98 to 99% of the population losing their jobs and livelyhood that have
nothing to do with autos?

Could it be Cerberus management after taking the cash and profitable bits
out of Chrysler and repackaging the dog now want to dump it on the
government? Only a few years ago their ponzi scheme mad billions!

Or could it be Congress person has a lot of GM bonds in their private
accounts? Maybe a little payolla for re-election?

Or could it be the super rich want some money out of GM and
Cerberus-Chrysler and will syphon the bailout money?

Why do they want to avoid chapter 11 that could fix a lot of problems?
Could it be the books are cooked? Money gone missing? Maybe the same
ex-CEO is getting an obscene pension that was never properly funded is
calling is Harvard buddies?

GM and Chrysler need to do chapter 11 on principle if the system is 1/2
baked honest. Trying to bail out every business and industry can and will
bankrupt the USA. By allowing chapter 11, the GM and Chrysler books can be
examined for waste and corruption. It allows a real cleanup and back to
basic tried and true business practices. GM management and board need to be
fired with cause, they have been losing money so long managment has
forgotted about how to run a sucessful business.

GM & Cerberus-Chrysler are dogs.