Thursday, June 4, 2009

Bail-Out Blues

I can't help noticing that the government bail-outs of the big financial institutions, meant to save the mostly white-collar community, were almost unconditional. Washington threw a bunch of money at some fat cats and walked away.
The auto company bail-outs, which will mostly aid blue-collar workers, are filled with rules, reservations, timetables, etc.

A scary observation: Many of the institutions recently bailed out by the government actually survived the Great Depression.

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