Oct 31
Diners line up at the bailout buffet:
General Motors and Chrysler are looking for a little extra cash to smooth over their potential merger, never mind that Detroit’s auto makers were only just blessed with $25 billion in taxpayer loans
….
State governments also want a chunk, notably those that have been most spendthrift.
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Then there are the insurance companies, which seem to think they can mau-mau Treasury into cutting them in.
Just say no. That bailout was about credit being available. It shouldn’t be used any other way, and in that way sparingly.