04
Dec
08

The Big 3 Bailout hearing – Scary look into the future?

detroit_3

If you’re watching the Senate hearing on the auto bailout, this is nuts. The big 3 were all just asked if they were willing to submit to an oversight board that would have the authority to impose restructuring on these private compainies. All basically said yes. So they’re willing to turn their companies over to the federal government for the small sum of 34 billion. What a deal!

You can watch part one here and part two here.

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