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<blockquote data-quote="Babagounj" data-source="post: 885266" data-attributes="member: 12952"><p>Also tos forgot about the fine print in the gov't bailouts. Where the gov't changed the bankruptcy rules so that the unions became co-owners of these new car companies, and not the bondholders who had invested their personal funds into keeping these two giants a float. Nor the fact that in order for the US gov't to sell their shares of stock, the price needs to rise quite higher in order for a profit to be made. But who would buy these shares if the US gov't can always change the bankruptcy laws again ?</p><p></p><p>Also Ford started to decrease the number of dealerships years before the other two .</p><p>I recall the fight Chrysler had 20yrs ago to get a gov't loan. It went on for weeks and weeks, but under mr. hope & change it only took days.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 885266, member: 12952"] Also tos forgot about the fine print in the gov't bailouts. Where the gov't changed the bankruptcy rules so that the unions became co-owners of these new car companies, and not the bondholders who had invested their personal funds into keeping these two giants a float. Nor the fact that in order for the US gov't to sell their shares of stock, the price needs to rise quite higher in order for a profit to be made. But who would buy these shares if the US gov't can always change the bankruptcy laws again ? Also Ford started to decrease the number of dealerships years before the other two . I recall the fight Chrysler had 20yrs ago to get a gov't loan. It went on for weeks and weeks, but under mr. hope & change it only took days. [/QUOTE]
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