This is a question that is already very important. If the answer is anything close to an even balance between bail-out and not bail-out, my bias is for a bail-out. The reason for that is that an economy based nearly entirely on financial work is highly unstable and tends to provide big rewards to a few people and marginal rewards to everyone else. If we want America to remain a middle class nation we need to have a better balance between the financial sector and the productive sectors that actually build things.
Emptywheel discusses the question is a great deal more detail. Go read her discussion.
While you are doing that, consider the fact that much of our military equipment is automotive in nature. What happens to American security when there are no more American automotive companies?
The comments are better than the article and that's saying a lot.
I don't have any answers, and I really don't understand all the questions that should be asked. But the issue is very important.
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