Mar 23 2009
∞
“ Ugh. Now auto suppliers are getting bailout cash, to the tune of $5 billion, which will come out of the TARP fund. I know, I know: given the amount of dollars in play, five billion is chump change. A rounding error. But we’re no longer talking about companies being too big to fail. By the new standard, any company that’s in a struggling industry is eligible for bailout cash. The government is basically picking winners and losers out of a hat.
