View this link:

http://tpmcafe.talkingpointsmemo.com/2008/11/22/why_were_rescuing_wall_street/

Robert Reich on the difference between bailing out GM and CitiGroup:

Nonetheless, Citi is about to be bailed out while GM is allowed to languish. That’s because Wall Street’s self-serving view of the unique role of financial institutions is mirrored in the two agencies that run the American economy — the Treasury and the Fed. Their job, as they see it, is to keep the financial economy “sound,” by which they mean keeping Wall Street’s own investors and creditors reasonably happy.

(Via Josh Marshall.)