To: re_nortex
Iacocca
Yes, but didn't Iacocca pay us back?
We will NEVER see GM or the Unions pay us back.
27 posted on
06/11/2012 11:22:06 PM PDT by
JSteff
((((It was ALL about SCOTUS. Most forget about that and HAVE DOOMED us for a generation or more.))))
To: JSteff
It doesn’t matter, the fact is the Chrysler bailout set the precedent that the government was now expected to save companies, and decide the winners and losers in the marketplace.
28 posted on
06/11/2012 11:30:36 PM PDT by
dfwgator
To: JSteff
Yes, but didn't Iacocca pay us back? <
The mechanism for "bailing-out" was a loan guarantee.
Chrysler paid back the banks without the government (i.e., taxpayers) ever having to pony up a penny.
29 posted on
06/11/2012 11:32:20 PM PDT by
okie01
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