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Old 11-01-2012, 09:05 PM  
epitome
So Fucking Lame
 
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,156
Quote:
Originally Posted by PornMD View Post
It's really a tough decision. Letting a company like that fail is letting all of those people lose their jobs, in an area where they're never going to find the same job somewhere else for the most part. On the other hand, it was failing for a reason. Yea, mother nature fucked up Japan so they came back a bit, but unless they're actually running the business a different way now (which who knows, maybe they are), we may be in this position again with them soon.

That said, we've given a shitload more to financial institutions which provide absolutely nothing but debt to people. How many people have gone bankrupt with absolutely no help based on bad investments, and the economy got fucked thanks to these institutions not only making bad investments but championing them and even hiding how bad they were, and we fucking rewarded them for it.

In comparison to that, the GM stuff seems pretty mild.
Part of the deal was Obama made them change management and re-structure. Both companies entered into and eventually emerged from bankruptcy.
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