Reply #20: A couple of reasons

[Coyote_Bandit]

The auto companies were losing lots of money before the recession/depression and had made some very poor corporate product and marketing decisions. There isn't a whole lot of confidence in the auto company management teams. The banks and mortgage companies meanwhile were showing profits before the recession/depression. Although, arguably those profits were based on flawed asset valuations.

More importantly, politicians and office holders are bankrolled by corporate Amerikka. Most industries exert influence in areas that most directly impact them (i.e. the drug companies influence the FDA and health care issues). The financial sector exerts governmental influences on all aspects of our economy and society. If the financial sector doesn't have confidence in the auto company management teams then they argue for their replacement. Because the auto companies have performed so poorly they have little objective evidence to use to respond and defend themselves against the desires of the financial sector. End result? THe banks and financial houses run the government.