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Finger-Pointing Continues Over Bailout’s Effectiveness
Started by washingtonindependent · 7 months ago
Yesterday, it was Rep. Barney Frank (D-Mass,), chairman of the House Financial Services Committee, blaming mortgage servicers for a failure to modify loans, thereby prolonging the nation’s foreclosure crisis.
Today, it’s Sen. Chris Dodd (D-Conn.), chairman of ... Continue reading »
Today, it’s Sen. Chris Dodd (D-Conn.), chairman of ... Continue reading »
7 months ago
It depends on HOW a bailout is structured, but one should be attempted.
BAILOUTS ARE COMPLEX BEASTS, but Try something outside the box like this to save the U.S. Auto Industry - - -
http://pacificgatepost.blogspot.com/2008/11/sol...
Toyota and Honda also depend on the same suppliers who feed GM and FORD. No need to let “Detroit” disappear.
There is also much creative talent hidden inside the U.S. Big 3 that has been smothered by mismanagement and the UAW.