|
Between the three of them, the Goverment can get all thier money back. So will the creditors. Everyone else will be left holding thier ass.
The goverment is taking the same risk by giving a trillion dollars to banks who have squanderd billions. At least with the Big 3, there is something to sell. Buildings, real estate, brands, tooling, technology, etc.
If banks default, the Goverment is left handing out money to thoes who had it invested, or throwing more money on top of the trillion they already have.
IMO, that 25 billion is a bit more secure then the banks 1 trillion.
__________________
2/20/2013: They Day the ****s Stopped
|