Sunday, March 29, 2009

Wagner Out, But No One From Wall Street?

Just out tonight was the news that the Obama administration is requiring the head of General Motors to step down.

For a loan, not a bailout or handout, why would you get rid of the guy who's been making all the right moves?

Remember, had the credit crisis from Wall Street not happened, people could buy cars and car companies could obtain financing.

But few if any of the people running the banks have been asked to go.

Everything is upside down lately. Instead of throwing a banker to the wolves, they're throwing the guy who actually built things.

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