Friday, December 5, 2008

The Elephant in the Room

I recall some months ago when the automakers requested money, some congressmen wondered out loud whether it was a good idea to send money to help the very people that were responsible for the auto manufacturers' problems.

Watching the hearings over the past few days no one has had the guts to make this a condition for the 'bailout'. They were outraged then but now they seem afraid to require that the CEO's hand over control to someone else who will change the direction of the industry as a condition for receiving $Billions of our money.

Just an observation.