BANK BAIL OUT--WHY ?

MY OPINION :BOTH USA AND CANADIAN GOVERNMENTS BAILED OUT THE FINANCIAL INSTITUTIONS THIS PAST WEEK . ..WHY ? I BELIEVE THE REAL REASON WAS TO RESCUE THE AUTO INDUSTRY WHICH IS IN DIRE STRAITS. . .BY USING TAXPAYERS MONEY TO SUPPORT BAD LOANS ON REAL ESTATE MORTGAGES,THE GOV'T AUTOMATICALLY BAILS OUT THE MILLIONS OF DOLLARS . . . . . . IN NEW CAR LOANS . . . . WHICH IN MOST CASES ARE OBTAINED THROUGH THE EQUITY IN REAL ESTATE..BY DOING THIS THE GOVT'T IS SADLY MIS INFORMED BY THEIR ADVISERS. . . . . .THEY ARE ACTUALLY PROPPING UP A FAILED OBSOLETE INDUSTRY . . .WHICH WILL STILL CONTINUE TO FAIL.

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