3/ Saving the US auto industry from collapse was arguably the right decision at the time. You’re welcome to argue otherwise. You can’t argue GM shareholders were bailed out though. They simply were not.
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4/ A better government may have prevented systematic problems in the industry as well as in the financial markets avoiding the entire 2008/9 crisis. Or alt least preventing them from being too big to fail. 11 billion was probably cheaper than the consequences of not doing it.
aug 25, 2025, 6:53 pm • 0 0 • view