The Auto Industry Executives "Tin Ears"

Ok. This is much harder than I thought.

Couldn't somebody have told the guys from the car companies that it doesn't look too good to fly in your private jet to ask for public money to bail out your failed business? Some of my coleagues think we ought to let the car companies fail outright and let the employees suffer. They also believe that we ought to let the banks fail, and we oughtn't to have the FDIC. The theory being that the consumer out to be resposible to check to make sure the bank isn't doind something so risky as to cause its own failure. I wonder if that is realy possible? Would these same people support more transparent accounting for the banks? What about private banks? I suppose that they would say that you should only deposit cash in banks that gave you adequate information, and it's your own fault if you make a mistake. I say that that is too much of a libertarian approach. I am not sure it would work. I imagine that there cannot be a thriving marketplace where there is absolutely no trust and no verification.

I am curious to know other people's thoughts. Perhaps I can post more later.