GM posts its highest profit ever: $7.6 billion

[pointman]

Originally Posted by Danzig

the news about GM is very disheartening at least. i know when they decided to perform the bailout, that the cost of doing so was felt to be far less than the eventual cost of NOT doing a bailout. whether that will ultimately prove to be the case, i don't know. yet another example of banking issues-in this case, very, very low interest rates are killing these pension plans. they are unable to perform at what was guaranteed, so here we are.

No company, whether it be automotive, banking, or whatever, should be deemed too big to fail. If they are that big than they should be broken up by antitrust laws to encourage competition, but other than that, the government should stay out of it and let the free market and bankruptcy courts deal with the failure.