[G.R.]

No one came to bail me out 20+ years ago when I was sitting on a custom built spec home. Every freeking dime I had was tied up in this property, my business assets, my personal home, my investment properties and what cash I had, Yes I was like any other young builder hoping to "cash in"(greed) ... I started the home when construction notes were easy, interest rates low...fast forward 9 mos later ,the economy was tanking, faster than it is now and we had double digit interest rates, the home building/construction industry was in the toilet here in Colorado.

I was damn close to considering filing a Chapter11 and suck up bad credit reports for years after. Thankfully, Tim Nelson, my banker(Bless him!), worked with me extending my construction note for another 9mos and by a quirk I managed to sell my personal home at a small profit. I got a CO(certificate of occupancy) on the spec home and moved into it myself. 6mos or so later the house sold, actually for more than I'd hoped, I paid off my loans and debts....but I never expected the Gov't to help me out...all they wanted was my business and payroll taxes paid.




Maybe large corporations(like the Big 3) should try to work it out on their own and if they can't they fail...like myraids of other businesses. The only reason it has become as bad as it has with these companies is because of mis-management and knowing that ol' Uncle Sam is there with his(our)checkbook....I say NO More...No bailout, (hi-risk) loan or whatever you want to call it....they made their bed let them lie in it and figure a way to make it more comfortable