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Archive - Dec 12, 2008 - blog

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Bailout logic? Ted Turner: "I've never asked for a bailout. Where does it end?" Big Three asks for $25 billion

Time - 10 Questions for Ted Turner”

(quote)

Time: “What did you think of the $700 billion bailout plan?”

Turner: “When I was running CNN we never had any money and I never asked for a bailout. Where does it end? AIG, you know, they need $40 billion more and we only gave them a hundred billion last week, didn't we? It's just ridiculous. And now General Motors. They said we're going to give them $25 billion to retool. Retool what? They'll run through that money so fast they'll be back wanting more. We can't keep every loser alive.”

Lee Seong-tae, governor of the Bank of Korea, uses his laptop during a meeting to decide a benchmark call rate at its headquarters in Seoul, South Korea, Dec. 11, 2008. The central bank said it was slashing its benchmark seven-day repurchase rate to 3 percent from 4 percent during a regular policy meeting Thursday

Wall Street sputters on weak data, bailout doubts read more »

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