Why GM Chief But Not CEOs Of Any Banks?

by Ich bin Ala-awkbarph Mon Mar 30, 2009 9:21 pm

Why GM Chief But Not CEOs Of Any Banks?

IBD Editorials ^ | March 30, 2009 | Eugene Robinson

Through a series of logical decisions, the Obama administration has maneuvered itself into an illogical and uncomfortable place. The president is telling Detroit to shape up or die while at the same time politely asking Wall Street, whose recklessness and greed caused this economic crisis, if it would be so kind as to accept another heaping helping of taxpayer funds. General Motors and Chrysler have been ailing companies for decades. But they wouldn't be in extremis, hemorrhaging money like never before, if consumer demand hadn't fallen off a cliff.