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November 19, 2010

Why Were Banks Different From GM?

-- by Dave Johnson

I'm sorry but what this "White Board" video does for me is point out what they should have done with the banks, but didn't. GM investors, management and workers got "shared sacrifice" and now the company is on the road to recovery. Bankers got bailouts and bonuses and the banks are still insolvent and dragging down the economy.

White House White Board: The Rebirth of the American Auto Industry | The White House,

In the fourth edition of White House White Board, Austan Goolsbee, Chairman of the Council of Economic Advisers, discusses the President’s tough decisions on the American auto industry in light of the General Motors IPO.

Posted by Dave Johnson at November 19, 2010 8:34 AM


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