Of course I am aware of Boards of Directors which is why I posed the question, why didn't their board make changes sooner. You did address some of that, I still don't believe that government/taxpayers should have been invested in private business.<quoted text>Have you never seen any articles on Boards of Directors? Every one of them are on multiple boards of multiple companies. They keep their crony buddies backs patted and pockets overflowing in their good ol' boys clubs that very few other people belong to. You harped long and hard just on GM and ignored the Big Banks 2 bailouts. One from Bush with no strings attached, so they stayed business as usual with huge bonuses and lavish conferences at resorts. Then they came back for a second round under Obama, except he was smart enough to put restrictions on that one. The GM bailout has been a success, saving jobs and leading to large expansions of employees and factories, while Wall Street and the big banks have been shedding employees while wallowing in record breaking profits..
Don't get me wrong, I am glad that GM survived & saved jobs. BUT if it was such a good deal, why didn't a Holding Company step in? Because recent numbers show a $10,000,000,000 overall loss.It's somewhat like rewarding malfeasance & dereliction of duty/performance.