The bailouts were a mistake. These companies should have went through a structured bankruptcy like any other business. Throwing money at poorly managed companies is like using band-aids for stitches. It only slows down the bleeding. Why do
es the government pick winners and losers? They own 26% of GM at around $53 a share, it's trading at $20. That leaves the tax payers holding the loss of over 16 billion dollars. If Obama wins, are you ready for this tax burden, too?