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Originally Posted by GBBob
Forgetting AIG for a minute...if you guys really think letting all the automakers and banks file BK was in our best interests, then I truly never will understand what you are trying to accomplish. At some point reality trumps principal, but the right is so stuck in their ideologies that there is zero flexibility to adjust to changing conditions.
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Not ALL the automakers would even qualify for bankruptcy. Ford and GM need to get out of the rediculous union deals they are into and don't need to go out of business just restructure. Strike a fair contract based on today's market. Must admit though the banks that became more hedge fund managers than financial institutions need to be out of business. Mortgage Brokers who stretched the truth, flipped numbers etc to get people qualified and out the door should be prosecuted. And lastly Barney Frank for standing up for Fannie Mae saying Republicans were being racist wanting more regulation and accountability? Have to think about that for a while.