>>>>http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest
>>>
>>>Perhaps the Ponzi scheme should be given a new name?
>>
>>Or switch to more consumer friendly names - stock market or real-estate market - same things.
>
>Did I miss huge thread here when they passed second bailout ? (800B) Or it is no longer even newsworthy...
>This 50b in 'ponzies' is peanuts comparing to 'stuff' that is being floated.

The auto companies (big 3) bailout failed late last night...One of the main issues was the UAW refused to lower workers salaries in line with Honda and Toyota which the Senate wanted as a part of the deal.