Will the GE Capital bailout make a GM bankruptcy easier?

While Paulson and co. figure out what they're doing...

BAILOUTS ARE COMPLEX BEASTS

Here is a workable plan with common sense for the U.S. Auto Industry -

http://pacificgatepost.blogspot.com/2008/11/solution-for-detroit-gm-friends.html

Do not leave it to Paulson or Congress to come up with a creative plan or consider taxpayers' interests.

There is much creative talent hidden inside the U.S. Big 3 that has been smothered by mismanagement and the UAW.

It appears that the government is reluctant to bailout GM, the complete meltdown of which will be a matter of time.

With whatever little left, the Treasury simply cannot afford to keep bailing out failed industries or entrepreneurs. GM bankruptcy would mean the loss of jobs by hundreds of thousand. And this is absolutely worrying yet scary.

Dow dips further to near the 8000 level, causing great concerns to the world markets. One would suppose things can only get real worse in 2009 – nothing to be euphoric about. What say you, Mr. Fox?
(Tan Boon Tee)