the proposed bail-out of Detroit is a big stink - shows you exactly where Obama got his money and who is calling the tunes
http://www.nytimes.com/2008/11/14/opinion/14brooks.html?_r=1&ref=opinion&oref=slogin
Honda, Toyota and Nissan have continued to make good money while producing cars in the US - the union thugs at UAW and the greedy CEO's at the Big Three are cleaning Uncle Sam's clock
another good piece on this at David Frum's blog - http://frum.nationalreview.com/post/?q=OTg4YTQ4OTU5MGUxOGM2ZWE1NzE5Mzc5ODk4ZGI1NTQ=
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Related news:Bloomberg Sues the Fed for Disclosure "Bloomberg LP, the business news wire service. It is suing the Federal Reserve Board's governors for public records that would answer two simple questions: Who is receiving $2 trillion in Fed loans and what collateral are taxpayers getting to support them?
"That's trillion, with a "t."
"And, yes, as hard as it is to believe, taxpayers don't know the identity of the borrowers to whom they are lending. They also don't know what kind of junk - Stocks? Bonds? Three milk cows and a '69 Camaro? - they are getting to collateralize the federal loans.
"As Bloomberg wrote Monday, "The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. ..."
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