But the big 3 are forced to jump though many hoops and still have nothing....anyone see a double standard here.

 

GM just needs to buy better politicians.

 

yea its bull**** i hate congress

 

Well the bailout was conceived in the first place to help the financial industry and not any company looking for a hand out like the Big 3 so no I don't see a double std. You can plug any financial institution in there to make this post, like AIG perhaps, at least I'm not getting to go on an overseas hunting trip, now that's BS

 

Hmm I wonder where such a double standard might come from?

 

actually, the bailout was originally to buy the toxic assets, which they have yet to do yet.

And the bailout was also just as much to unlock the countries credit and get them to lend money to people as it was to save the financial firms.

They have yet to start lending.

 

the administration has some good buddies in wall street...

 

Right! Show me the money! Where is it going. Maybe they need it for some more concentration camps?

 

Yeah but what will they want in return?

 

I'm glad they decided not to buy up bad mortgages and instead are injecting capital into banks by buying stock. Guess what, the gov can later sell the stock and make money, the quesiton is will they charge themselves the capital gains tax and windfall tax, LOL!

How do you think you are suppose to get banks to start lending? You have to give them capital first and then the confidence that if they lend to someone who goes bankrupt they won't lose their money which is what gauranteeing banks does.

You're right about the not lending part though, credit has loosened up a little but if you are expecting it to get back to where it was it never will. The loose standards of lending to anyone who asks is why we are here in the first place.

 

Exactly. Although, leave it to wall street and greedy bastards to do it all over again another 50-80 years from now.

 

Does anyone think it's strange that banks need to borrow $? Don't they have everyone's $$$$ as it is? It just seems a little bit ridiculous to me!

 

Financial services was decided back in the 80's to be Americas golden child industry.


Seemed like a good idea at the time I suppose , no one gets there hands all greasy.

 

The Big 3 are not looking for a handout. They were/are looking for a loan, not free money. The fact that the big 3 have had to go through so many interviews, questions, badgering by congress, but any of these financial institutions can just say "Hey, I need a few billion dollars too!" and they just get it is a big f**king double standard to me.

 

Sometime you just gotta get your hands greasy man.....So all they have to do is make $$$$$$ on other peoples $! WOW...real tough job!! Seems kinda hard to **** up to me! The auto industry has ALOT more to do, and alot of things working against them. They aren't just handed $$$$$ from everwhere like the banks are! What they have to do to make a profit is ALOT harder than what the banks have to do! This double standard you speak of, IS IMHO directly related to the constant lambasting by the CABAL I've been bitchin' about for so many years...