07-22-2015, 06:41 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Quote:
Originally Posted by Robbie
You need to educate yourself a bit. The President would NOT give them a "bailout" unless they "Restructured" first (bankruptcy).
He said it didn't make any sense to risk taxpayer dollars unless they did bankruptcy.
He basically forced them to do it. And he was 100% correct.
But don't listen to me. Read the transcript of President Obama himself and educate yourself:
http://www.nytimes.com/2009/06/01/us...anted=all&_r=0 |
I never said Obama did not offer incentives to GM. I said he had nothing to do with GM's bankruptcy...I was referring to GM's decision to restructure. GM decided on it's own to file for bankruptcy. |
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