Quote:
Originally Posted by Cowboy89
This is misleading. The auto industry has by no means paid back in full what it was bailed out with despite what those blowhard commercials say. Chrysler and GM have only paid off the debt instruments and a small portion of equity. The US and Canadian government still own equity worth a fraction of what they paid in at. The auto bailout was a business solvency issue which has long term structural business problems, whereas the banking industry had a liquidity problem where the short term panic caused a run on the banks. Big difference.People should actually be more pissed off at GM and Chrysler than they are at Wall Street vis-a-vis bailouts.
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I think anyone that has actually owned a dodge or a chevy is already plenty pissed at them.