Yup. And despite what ALL the pro-bailout people here say, we already KNOW where a bailout or nationalization leads. It only delays the inevitable and largely destroys the investment pool for that industry.
To this DAY, nobody will invest in a native Brit startup motor company. NOBODY. That well has been totally poisoned.
Sigh. That is where we are going to be. It is the labor unions that will have poisoned the well, though.
What investor in their right mind would go there in the USA, especially after BO gets pro-union, protectionist legislation in place.