A.I.G.

[professorpinasheep]

If we are true capitalists we would have let everything fail. Which we should have.

Yes, we should have. Unfortunately, corporations have large amounts of PR toadies at their disposal. Do you really believe over one million people would lose their jobs if GM ceased to exist as it is/was? Yes, there would be job loss and restructuring.. but I don't believe GM would ever become defunct.. Bought and owned by a foreign entity, probably, but not completely gone. In any case, all people could focus on was that big number and not the good of the economy or long term picture. So now we're stuck in this mess, and the people who are leading the blind aren't only blind themselves, but deaf to good advice and too stupid to heed it.