Why its OK for the fed to fire Wagoner

Updating my previous post, it seems that Rick Wagoner was "asked to leave" by President Obama.  A bunch of right wing nutjobs are going to come out of the woodwork (again) and complain about government involvement in business.  Let's just keep this in mind: GM asked the fed for help because it was about to go under.  Just like if you ask someone for a loan, they are pretty much allowed to tell you exactly how they want you to run your business.  And that's what is being done right now.