posted on Nov, 8 2008 @ 04:23 PM
the thing you may not hear on the media about the big 3 is that in the latest years they turned there focus from building and selling cars to building
there LOAN book and SELLING more debt.
Now they are hurting badly from poor car sales, and tightening lending conditions. But it you give the banks money, you better give them money,
(otherwise million or two million jobs WILL BE LOST) and regulation should be put in place to limit the % size of there financing/lending
the larger jobs figures is based on a recent study that has done the rounds on bubble vision and was explained that many in the chain including
suppliers and such would also lose there jobs, as the shock waves would be sent out.
So keeping in mind we are playing in a corrupt system, and that ain't changin any time soon, the big 3 DESERVE a bailout more than the banks did.
and they should get one based on the system we are living in