Sunday, January 1, 2012

Is a automaker bailout repayment for Obama being elected?

I agree. Let them use the system that is already in place. Let them file bankruptcy so the courts can help them reorganize and restructure their debt. It will allow them to put together a business plan for solvency. Then they can apply for federal LOANS and capital infusion from private investors. I wouldn't mind bailing them out with loans through the bankruptcy courts, but I am completely against using TARP funds to purchase shares as taxpayers.

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