re: #624 Fred72

Sorry, I ignored your question. Apologies if it was meant to be rhetorical.

Last August-September, when the Bush administration took over Fannie Mae and Freddie Mac, they installed new people to run both. The Federal Housing Finance Agency installed John Koskinen and David Moffett to run Freddie Mac, and Phil Laskawy and Herb Allison to run Fannie Mae.

In September of last year, Robert Willumstad lost his job running AIG in connection with the bailout. This was also during the Bush administration.

Again, apologies if your question was meant to be rhetorical — I thought you might like some background. The GM firing-for-cash deal isn’t new; it follows the trend set back when the Bush team was running things.

Freddie and Fannie are already government entities. THEY ARE NOT PRIVATE. So what’s your point?

GM is a private company - not a wholly owned subsidiary of the government.

obama installed Edward Liddy as CEO of AIG.