And I Thought October Was Bad
Friday December 05th 2008, 1:03 pm

It would be nice if this mess would just go away, but it won’t. Every day there is more bad news. I spent yesterday afternoon watching CNN which is something I never do during the day. The heads of the Big Three auto makers were requesting a massive $34 billion loan or bailout, or whatever they are calling it, from the taxpayers in the United States. Those companies have only themselves to blame, but it is doubtful they will be allowed to fail. The damage it would cause the North American economy would be too much. Many people, myself included, feel they should not be bailed out, and should file Chapter 11 bankruptcy if they are that bad. It would be survival of the fittest.