Tuesday, December 09, 2008
U.S. Could Take Stakes In Big 3
In referencing the proposed bailout of the big three auto companies, House Speaker Nancy Pelosi was quoted as saying:
"We call this the barbershop. Everybody's getting a haircut here, in terms of the conditions of the bill," she said, noting the likely impact on labor, bondholders, shareholders, car dealers, suppliers and executives. "The management itself has to take a big haircut on all of this."
Wouldn't you just love to see the House and the Congress members get haircuts too.