Otto -
I'd love to see those guidelines be in place should a bailout occur but what most everyday citizens don't realize is that almost half of the money given to these companies would go to covering employee costs and not for research/development/technology. The money that funded the recent financial industry bailout is also landing in bank acquisitions (banks buying banks) and not exclusively in the hands of consumers for loans (that the banks claimed they could no longer contribute because of the credit crunch).
Previously posted in this thread regarding GM and their employee retirement benefits packages..
Thomas: Unions the reason Big 3 automakers teetering | CARS AND SOCIALISM
When a private company is given government/taxpayer money it's a recipe for destruction. Some call it socialism. It will happen...and 5, 10, 20 years from now we'll find out just how corrupt this whole deal is.