Big 3 get $25 billion loan

[BuddyP]

http://www.reuters.com/article/vcCandidate...E48N97V20080924

[VenSeattle]

[CARBIZ]

Well, on the face of it, this sounds like good news, but I can't help but fear that we are going down the path of corporate socialism that Japan has promoted for the past 50 years. One of the reasons Japan's economy has been in a decade long funk is because of all the cheap money Japan Inc has access to - at the expense of the Japanese taxpayers and bank depositors.

One would hope these loan 'guarantees' will never have to be exercised, but ultimately the American taxpayers are on the hook for all thes corporate 'hand outs.'

[regfootball]

yes, in this case, if they don't get it, we'll become a 100% import nation.

but they better make good on paying it back.

[Intrepidation]

And they better put it to better use than rebadging an Aveo.

Edited September 25, 2008 by Dodgefan

[ZL-1]

Let's see what the money is used for...