The Difference Between the Big 3 and Wall St.

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Bush Warned Of MeltDown:
The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy.

Blame the labor unions.

Bush Warned Of MeltDown:
Many of the banks that fought to undermine the proposals by some regulators are now either out of business or accepting billions in federal aid to recover from a mortgage crisis they insisted would never come. Many executives remain in high-paying jobs, even after their assurances were proved false.

Blame Barney Frank.

It's beginning to look like the only reason why Bush and Congress rebuffed the Big 3 is because........they feel no culpability for the automakers like they do for Wall Street.