Another day, another $3.8 billion

The U.S. Treasury just gave another $3.8 billion to GMAC, which hopes to one day make a profit again. For those of you following at home, this latest infusion is on top of $12.5 billion distributed previously, for a grand total of $16.3 billion.

I know there are a lot of people who would defend this latest expenditure as being “necessary”. Here’s a question for those people: What about small businesses and medium-sized companies that have had to close their doors? Where’s their bailout? » read more