I agree with your concern re when Japan fully recovers ... Toyota may very well blow out GM
on your "investors lose everything" ... as I said before, they deserve no sympathy ... they had plenty of time to do homework and DD and sell their paper to minimize losses ... you can't pretend to be a capitalist then whine when "sophisticated investors" blow it and get wiped-out ...
No lib nor RINO would have said what Mitt said.
Mitt also correctly called for the auto companies and homeowners to be allowed to go through the regular process of foreclosure or bankruptcy.
There was no "regular process" available in 2008/9 ... do you forget there was NO LIQUIDITY in our economy ... Bain was approached re funding GM, they would only go for a ch 7 liquidation ... you think a liquidation of GM, the fall of the supply chain which would bring Ford dow ... several million more unemployed would have been a good thing??? ... please explain ...
/ The country is now divided into the MAKERS and the TAKERs.
The income of the Makers is about $35,500 and the TAKERS at about $35,200.
Why work? Too many people have figured out how to be takers.
Years ago when I was a SW, I tried to tell the administration that to receive welfare benefits a job must be tied to the benefits.
I always think of one guy that was on the program and we got him a job, this was his response. "To H--- with you D--- people, if I am going to have to work, I am going to get me a good job". He left welfare.