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I am so against this bailout...I am in favor of bankruptcy and restructuring. I watched a few minutes of the hearings and what I caught was disheartening. I don't know who was who but the auto execs were each asked if they would agree to work for only $1 for the next year. The first exec. said yes without hesitation. The second exec. said he would consider a small pay cut but would not work for $1. The third exec. stated that he was quite comfortable with his $9.3 million dollar salary and no, he would neither work for $1 nor take a pay cut. I'm sure he wouldn't loose any sleep over laying off his employees....as long as he stays comfortable then all is right in his world. I wish I knew what his name was!!
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