I will preface this by saying I do believe that the big 3 is being treated harsher by Congress than the banking industry has been. That being said I think this was poignant and entertaining.

Rep. Gary Ackerman, D-New York On learning that the CEOs representing the big 3 all flew [...]

American Auto Industry: “Can we please have $25 billion in tax payer money to stay in business?”

Congress: “If we give you the money what are you going to do differently to ensure that you don’t end up in this situation again?”

AAI: “Umm… This time we’re going to do it [...]

Despite this site’s opinion that the government bailout plan was an improper way to go about restoring the economy, it is hard to challenge the fact that some form of legislative action needed to be taken. What many economists saw, and even a good majority of the population could assume is [...]

American Express Co. which is being hit by slowing consumer spending and rising defaults, is seeking roughly $3.5 billion in taxpayer-funded capital from the federal government, according to people familiar with the situation.

Courtesy of the WSJ.

It did not take a giant leap in logic to see that [...]