An excerpt from Lee Iacocca's new book

dennisking

Vulchor

Interesting read from ol' Lee. However, does he address the "secure loans" he made with the US Govt. in 1979 for the then failing auto industry? I know you will say its different than a bailout, but it seems money not to fail and a security net so if you do fail you dont have to pay is the same thing. In addition, as I myself have proven time and again----and Lee does as well----solutions are difficult, but the ability and freedom to complain about problems is quite easy.

dennisking

And I think he makes a good effort at pointing that out. Maybe he's just trying to light a fire under someone. There is one difference between the loans that you mention. The bailout money we just experienced allowed far more intrusion from the Federal Government than those from the times past. It's a tough tough world out there, hopefully some of this bickering can get figured out and we can stop our country from being run by people who, it seems, only have their and their parties best interests in mind, while catering to their special interest groups, whether they be the "big corporations" or the "green".