Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Do the record breaking profits of GM benefit wall st. or ordinary "folks"?
way to go Obama...use taxpayers money to bail out large corporations that were required to FIRE people to get the bailout and ultimately benefit wall street and the cronies of the administration
3 Answers
- How would I KnowLv 79 years agoFavorite Answer
There was no benefit to either wall street or the American people.
Keep in mind, GM/Chrysler has lost 50% of it's stock value over the last year... not something that will be a benefit to wall street. And, of course, the American tax payer is still pumping billions into GM/Chrysler ( over $70 billion to date ) so obviously not a benefit there either.
The only people who benefit from this are the unions.
- Anonymous9 years ago
Wall Street more than the rest of us. There are still millions of Americans out of work. Also, the bail out was implemented under GW's presidency.
