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Lurker said:
Galaki said:
kowenicki said:
@ galaki...

Why would they get a bailout route... Its a japanese company not a US one.

 

It has large presence in America? Does that not consider American?

Sony isn't important enough in America. Auto industry and banks are a different story. We got Samsung and other companies who do the same things as Sony  to fall back on if Sony dies.

 

 

The American auto industry is not as significant to the American economy as they (auto execs + unions) would like you to believe.  The fact is that most "foreign" cars sold in the US are built in the US/Canada anyway at this point - even if ford/gmc/chrystler went belly-up Americans would be buying the same number of cars - and most of those cars would still be made in the US employing US workers.

 

Banks are another story, if the financial industry falls over we get in big trouble.  That said, Bank of America, probably the largest bank in the US, really avoided this whole disaster by not jumping deep into the "high risk loans" pool - it's not that clear to me how bad it would have been to just let the "stupid" banks fall over.