GM reports net loss of $2.5 billion, more cuts and asks for help

[Spanrz]

Originally Posted by The Mighty Red

I think its wrong to bail these banks and companies out....we live in a society that demmands you are acountable for your actions.....there are plenty of small business out there that are hurting or going belly up , who is bailing them out?

You will find the main reason why the US Gov is bailing out these companies (like taking on that sub-prime crap), is to take the debt and resell it.
They aren't just buying them up to help out, just misplacing the debt for a year and reintroducing it when the market picks up, so they can return a profit on it.