[TomGuy]

If we lend $15-25B to the little-3, does this consitute a subsidy to the companies since it is, by definition, on terms superior to those available in the free market?.

I'm not sure about the legalities.

But, Bob Lutz, Vice Chairman of GM, on Fox&Friends this morning, said that they 'neeeeeeeeed! this bailout. It would get them through the early part of the Obama administration.'

Translation: We'll be back for more -- after Obama settles in as prez.

[Riflema]

Okay, turns out I’m not the first to stumble into this. I guess sometimes the blind pig NYT does the same:
http://www.nytimes.com/2008/12/09/business/economy/09nationalize.html?_r=1&hp=&adxnnl=1&adxnnlx=1228824118-DOHFF3N8tBJw7LfVIR1nDA

Essentially, this means that Franks-Pelosi can be our very own Smoot-Hawley.

[Leisler]

Think 150 billion for next year. This 15 billion is for a couple of months, only.