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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (240561)3/11/2010 10:40:53 PM
From: PerspectiveRead Replies (1) of 306849
 
<GMAC faced far fewer conditions than the bailed-out automakers, the report says. When the automakers were rescued, they were forced into bankruptcy. Shareholders lost their investments, creditors took a hit and executives were forced to detail plans for making the companies viable. GMAC was treated more like banks that received bailouts without having to explain what they were doing with the money, the report says.>

The question shouldn't be "why was GMAC treated like a bank?" but rather "why are the bankers treated as a separate class?"

I forgot - they're doing the Lloyd's work, so they're better than the rest of us. They are the First Estate.



Fuck the bankers.

And now that all the Wall Street criminals are "bankers" as well, I don't even have to add them as a separate item...

`BC
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