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Do we want the Federal Reserve to loan the Big 3 bailout money [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Ilsa

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Thu Dec-04-08 10:55 AM
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Do we want the Federal Reserve to loan the Big 3 bailout money

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versus Congress on our behalf? What are the ramifications?

HAving worked in a workout bank, I know the FDIC and Fed can be pretty good managers of problem banks, but problem auto cos?

I believe in a bailout of some form, BTW. I don't know if it should be all three or some sort of consolidation, but I don't believe we should let manufacturing of this nature die in our country.

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