What does Obama want GM to do?

[$tevie]

RgrF wrote:
[quote=ajakeski]
Why isn't AIG being held responsible the same way? They seem to be able to do what they want with our money and come back for more with hardle any questions asked.
Let them all go under.
Let their board's of directors starve.

The real losers should be the shareholders. They are the owners. They elect the Directors who then hire the executives who drove the company into a ditch while insuring they have their own golden parachutes.

Wipe out share and bondholder equity first, then set standards for resurrection of any shell that's left.
Man oh man, I feel the same way. Shareholders who sat around letting the executives gouge millions and millions from these companies should feel the same pain that the employees felt as massive layoffs occurred to keep the company profitable so its stock would stay high. Frankly, the whole set up is disgusting. Wall Street needs to be smacked down but good.