Monday, March 30, 2009

I'm not the only one wondering

I was wondering how come the CEO of GM is being forced out while the CEO's of BoA, Citi, and Goldman are all still in place.

David Sirota has some of the same questions.

Sunday, March 29, 2009

GM Chief Resigning in Deal with U.S.

Okay. Fair enough.

I'm just curious, though.

How many executives at AIG, Goldman, or Citigroup, or Bank of America had to resign as a condition of receiving any assistance?


And they got a straight bailout, if I recall correctly, didn't they? It wasn't just access to loans? And wasn't it an order of magnitude more money?

Why, yes. I believe it was.

Can someone explain how this is anything other than rank classism, with financial companies given billions while manufacturing companies are forced to jump through hoops to receive much less assistance?



Late edit: It was only 1 order of magnitude more money, not 2. My mistake.