Quote:
Originally Posted by Vendzilla
forgiving the 4 billion dollars is what I would say is in the execution of the idea, not the idea itself, as well as the other things your bring up
Doing something to help was the idea
the way the government did it, both with Bush and Obama was the bad execution of it
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Bush nor Obama actually manage this... they may get an update on it, might give some advice or direction, but they don't really do much other than speak to us about it.
Congress setup the bailout bill, Bush signed it, and some panel or group, made up of judges and politicians, manage the plan that's already laid out.
I think they should have let it fail, they screwed up doing any of the bailouts, even more so when this company has failed before. But being that it did happen, and the goal was to save the company, I really don't see where you get that they badly executed it, when the plan worked. Now they're just trying make it look pretty so the next time they try to nationalize something they'll have a fall back to show how well it worked, in their eyes.