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homestead - Re: [Homestead] Auto / Corporate Bail-outs

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  • From: "Lynda" <lurine AT softcom.net>
  • To: <bobford79 AT yahoo.com>, <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] Auto / Corporate Bail-outs
  • Date: Fri, 14 Nov 2008 10:43:29 -0800

O.K., why not bankruptsy. People act like bankruptcy means the outfits go out of business. This whole thing is fearmongering! EVERYONE would be better served if the stupid sheople understood that Chapter 11 does NOT mean the company goes away. Those auto companies are candidates for Chapter 11. Of course, as greedy as the CEOs are, they'll just keep taking the money until they end up in Chapter 7, 13 or 14.

Lynda
----- Original Message ----- From: "bob ford" <bobford79 AT yahoo.com>


David Brooks, a slightly left -leaning Republican columnist for the NYT, has this commentary on why the Auto company bail-outs not only will not work but will set bad precedent in the country's march toward corporatism.

I think the Republicans in congress have finally wised up about this bail-out non-sense; but they no longer have any power. This auto bail-out will go thru for no other reason than that the UAW and the corporate entities themselves give lots of money and volunteer time to the controlling democrats......bobf





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