I understand this is about the car makers. But at least maintaining the car makers allows the USA to produce something and they can be used to provide for the national security, which is much more than the financial companies do which tapped us out for trillions when the Federal Reserve handouts and no interest loans are included.
The banks, insurance companies, FRE and FNM all should have been held accountable. Ill gotten gains by their CEOs and others in the 2000s should have been clawed back. Why did the millions in bonuses that Franklin Raines got allowed to stand as well as Goldman , etc? Shareholders should have been wiped out too because there was no value and companies were not viable. Instead taxpayers bailed them out, their assets were purchased by the Fed, and the dollar declined.
Right, there is no value to having robust capital markets. And I guess you have never worked for a company that has ever borrowed money or sold shares to the public, done business with companies that have. You probably have all of your savings in bullion mined refined and sold by private, debt-free companies.
You sound like you're upset that some people got a lot of money they didn't deserve. Get over it, it happens every day in every company in every industry. Instead be mad that the government is filled with people who are inveterately corrupt, that the rule of law has been turned upside down, and the Constitution is treated as a punch line.
As a final note, the Comments section of Zero Hedge really isn't the best place to start learning about the financial system.