Posted by LJD on November 30, 2011 at 10:26:45 from (67.142.130.43):
In Reply to: Re: Red Wing?? posted by krm on November 30, 2011 at 06:41:31:
When a person borrows money to buy a house - I doubt many here call that a "bail-out." Now, use Fed money to wipe out someone's mortgage debt and that IS a bail-out.
I see a huge difference between a "bail-out" to a mis-run company going bankrupt like GM, and a "loan" to a better run company NOT going bankrupt like Ford. Ford still OWNS Ford, whereas the US and Canadian governments et. al. own GM.
We the taxpayers are still short 50 billion dollars on the GM deal with no guarantees of getting it.
Also at present, besides Ford NEVER taking bail-out cash, it is paying back it's loans amazingly guick (much better then had been anticipated).
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