Two problems. First, a few of the banks took the first round of bailout money unwillingly. Sec. Paulson didn't want the public to know which banks needed the money and which didn't so everyone had to drink the poison Kool-Aid.
Second, if the federales buy GM but Ford is able to avoid it, how hard will the regulators come down on Ford compared to GM. Will the capitalist company be crushed by the GM/government complex?
“First, a few of the banks took the first round of bailout money unwillingly”
Kind of a moot point.
Without the bailout, they would be defunct.
The bailout was a very bad idea, period. The government coercing banks to lend money to people who could not repay was a bad idea. Not listening to the warnings about Freddie and Fannie was a bad idea. Having tax cheats writing tax laws and running the treasury is a bad idea. The MSM turning a blind eye to the horrendous corruption in the Democrat Party is reprehensible. How did the Executive and Legislative branch’s become the corrupt den of thieves that they are? How is it that we have some people in Congress with IQ’s below 100? I am rambling but I could write page after page after page on this insanity. I am looking back and I think we have gone over the cliff.
On Ford, yes, I am afraid that they will be punished for trying to do things the right way. Somehow the imperial government will see that they too need to be bailed out. I wonder how they plan to take over the oil companies, they obviously need no bailout money. It will be real interesting to see what their scheme is.
“Two problems. First, a few of the banks took the first round of bailout money unwillingly.”
Do you have documentation of that?