Originally posted by Gaviani
\6) Ignoring the probability GM will go bankrupt in the meantime anyway.

Personally I think the Gov't went about this all wrong Throwing $ at big Corperations, the Trickle down effect does not work( look at the Bonus Fiasco)

Housing caused this Housing would have fixed it

Let all homeowners refinance their PRIMARY home at it's current Value.
This will reduce mortgages by 25-30% that is $ the avg joe can use to stimulate economy( buy car, take trip ect)
Let the Banks write off these losses on THEIR taxes and gov't can cover those, little oversight needed there ,GO IRS!!)

I could go and Buy a better house right now with what I am paying in Mortgage but cant because I cant get out from this one as its worth 1/2 what I paid for it.
Why alot of people are just buying a bigger house and just walking away from other afterwards...

sorry to get off GM but fact is that, the banks and AIG or Auto builders were NEVER the right fix!