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President Obama!
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<blockquote data-quote="bbsam" data-source="post: 977185" data-attributes="member: 22662"><p>I think that is wrong because a bankruptcy still would have required a huge amount of money that no private equity company was willing to put up. With the government behind it, Detroit stood a chance and with a democrat in office the union's arm could be twisted. I don't think it could have happened any other way because Bain and other private equity companies weren't standing in line to get there. Had they been, Obama would have been happy to let things go that way. Remember, it wasn't a popular move.</p></blockquote><p></p>
[QUOTE="bbsam, post: 977185, member: 22662"] I think that is wrong because a bankruptcy still would have required a huge amount of money that no private equity company was willing to put up. With the government behind it, Detroit stood a chance and with a democrat in office the union's arm could be twisted. I don't think it could have happened any other way because Bain and other private equity companies weren't standing in line to get there. Had they been, Obama would have been happy to let things go that way. Remember, it wasn't a popular move. [/QUOTE]
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