private capital would run in and snap up you the business. but they aren t. that ought to be a red flag. i have got ton know a lot of people in government and government has a lot of great people. this is not their expertise. and frankly even the great investment houses make mistakes but they have to pay a price for it. the government isn t paying a price. we shouldn t be backing a company that comes up with a into con seventh for an electric car. that is for wall street. if it works they benefit greatly and if it doesn t work they lose their shirt and that is the way it is supposed to be. we have solyndra. almost no way to stop the government from taking the money and making the investments. we hear about them when they go belly up. when they start sniffing around looking for a bankruptcy firm. that is when we he hear about it. i think it is probably the least of our problems. it is-s of billions of dollars and that is a lot o of money. the big culprits are other
private capital would run in and snap up you the business. but they aren t. that ought to be a red flag. i have got ton know a lot of people in government and government has a lot of great people. this is not their expertise. and frankly even the great investment houses make mistakes but they have to pay a price for it. the government isn t paying a price. we shouldn t be backing a company that comes up with a into con seventh for an electric car. that is for wall street. if it works they benefit greatly and if it doesn t work they lose their shirt and that is the way it is supposed to be. we have solyndra. almost no way to stop the government from taking the money and making the investments. we hear about them when they go belly up. when they start sniffing around looking for a bankruptcy firm. that is when we he hear about it. i think it is probably the least of our problems. it is-s of billions of dollars and that is a lot o of money. the big culprits are other