Or citi, b of a...etc. I do believe that failing entities should fail and government shouldn't bail businesses out. However, not after you bring them back to life. Someone would have been happy to buy GM, all big banks, etc, for less than pennies on the dollar, re-orged the debt, disband unions, start fresh, etc. Names like Kennedy, Hilton, Rockefeller took advantage of the depression and never looked back.
thats what i dont understand. why did 'cocker' even think about doing this. AIG, GM, etc.. have been returned while Fannie is making more profit than any of them and they are considering winding Fannie down after 5 years when they started recording record profits.. makes no sense to me and im not a politic or fundamental guy.. Its just stupid that cocker even thought about it and is drafting a bill for it.. whatever. Too many analysts are saying this will never happen and i do believe it wont.
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