Yup, lot of degrees here with no common sense to be seen anywhere.
Ya got Dodd, while head of the Senate Banking Comm., being part of the financial debacle running the show. Here is a guy who along with Frank and Cox telling us last spring our financials are sound
, who got a sweetheart loan from Countrywide Bank saving him something like $75,000 and we can trust him.
It's like having the fox guarding the chicken coop.
Meantime ya got the auto industry asking for $24 billion with Moody's saying it would end up being more like $75-$125 billion before it's over.
While it kills me to see the hard working emploees lose their jobs in a bankruptcy, the top UAW leaders have killed the goose that laid the golden egg along with top management of these companies being completly inept.
Quandry, as biting the bullet now with bankruptcy and some kind of a merger would be best, imho, but it's going to cost big time for unemployment benefits too.