The part that's beyond me is that everyone remains up in arms about the auto companies, but not so much about Wall Street, which has actually stolen half of everyone's wealth.
The auto companies are small potatoes, in comparison.
I grew up hearing that the way General Motors go, America goes. When Smith chose Wagoneer I saw the end of the slogan. A European manager focus business in a different light to the point that an experienced American schooled CEO can wrap him on his little finger. Why? Because we are a consumer society of great magnitude, as long as we can get a credit permitting us to keep up with the Jones'. Industrial American grew up, in many ways thanks to talent and ingenuity, in many ways complemented with successful brainwashing by Madison Avenue. This permitted, no made indispensible the growth of the banking and the securities and investments industries. The down side were the ways to make easy money, often by not so honest means. And so, things degraded from the fixed price of the Fair Trade Act to whatever conniving scheme a person's mind or scruples can conceive. And so, human nature took over and blemished all the places which should be sanctuaries of honesty: businesses, industries, banking, trading organizations, labor unions, government... you name it.
Yes, it is time to do away with Wagoneer, Nardine (Chrysler also needs an American focus), Lewis at Bank of America, what's their names at the SEC, Citibank, Meyer Lynch, BB&T, etc. But when a cancer is operated, radiation follows. If we replace them by true entrepreneurs maybe we will not need the trillions now forecasted, and in the process we might recover some of the loot taken by the bad apples. But will, nevertheless be a storm we must weather.