From my Kindle edition of today's Houston Chronicle, this letter to the editor:
Posted by Vox at April 4, 2009 06:06 PM | politics
GM is coming up with an offer to make the payments for people that finance the purchase of a car but suffer a job loss. Let me see if I understand the scenario. A consumer who runs out of money is backed up by a company that has run out of money that is backed up by a government that has run out of money. Is there any real money in this chain? Oh yes, yours, mine, our children's, our grandchildren's, our great-grandchildren's...etc.
Tim Brown, Katy