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<< Unfortunately during the crash of 2007/2008, there was NO FINANCING AVAILABLE from any source at any price. Conservatives can't seem to understand that not everything is the same, always. The recent crash was a worldwide liquidity lockup, where no one was willing to finance ANYTHING for fear of the entire world economy collapsing. >>

Another fantasy of the left.

Offer a cheap deal and institutions with cash or credit would be in their buying up cheap assets.

And in a distress sale, even the UAW was willing to bargain away retirement and other obligations. It was an opportunity lost to get a lot of things reformed and put on a sound basis.

Which is exactly why the bail out occurred. The UAW, instead of bailing out General Motors, had it's own pension schemes and medical schemes bailed out by Obama.

Frankly I would have let the whole mess collapse, and then use judicious Federal spending and credit to get things going again after the collapse.

Instead, Obama and the Democrats wonder why the same bad actors are still in place. Duh@!!! It's because you guys BAILED THEM OUT and KEPT THEM IN PLACE! Bush was no better, unfortunately.

Seattle Pioneer
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