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bailing out General Motors?
Does this prove we're only throwing good money after bad? We give them $13.4 billion which they immediately gobble-up and want $26 billion more with nothing to back it up and the virtual promise of bankruptcy.
http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/gm...
Loaning money to Chryler in the 70s as a one-time thing worked (with full repayment), but when EVERYONE has their hands out - even the porn industry - isn't it obvious many of these companies need to go out of business?
2 Answers
- Anonymous1 decade agoFavorite Answer
Yes.
Eventually, natural selection kicks in even in the corporate world.
