Why is it that Citigroup is worthy of what looks to be a sweetheart deal, while the Big Three car companies are not?
Is there some kind of class bias in favor of financial firms and their white-collar executives here?
Why is it that Citigroup is worthy of what looks to be a sweetheart deal, while the Big Three car companies are not?
Is there some kind of class bias in favor of financial firms and their white-collar executives here?
Yes, of course.
Even if it wasn’t the case that automakers are unionized and financial firms aren’t, there’s also the observation that Paulson’s always been a banker. He doesn’t even recognize that there’s anything to the economy aside from the “markets”.
Just as “to a hammer, everything looks like a nail”, …
it does not matter the party . . the rich always take care of themselves first.
See Obama’s financial team – – same old same old