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Old 11-12-08, 05:14   #34 (permalink)
MotorCity
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Location: Michigan
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Re: Should the government bail-out include domestic automakers?

Quote:
Originally Posted by taki0187 View Post
Someone correct me if I'm wrong but if the government bails out GM where does the government get the money? taxpayers, you and me? Same thing with Fannie and Fredie Mac the taxpayers are going to foot the bill for the greedy CEO's lending money out to people who couldn't afford it.
The current proposal is to provide $75B to the Big 3, estimates are that if JUST ONE of the big three dissapear it will cost us * $175B in just the first year.....

* Based on a report on NPR

Last edited by MotorCity : 11-12-08 at 09:09.
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