Tag Archives: Michigan

Buggywhip Bailout

The government saved Chrysler: Myth No. 1: Government loan guarantees prevented the Chrysler Corporation from going bankrupt. Myth No. 2: Federal 1oan guarantees were justified because Chrysler’s financial problems were brought on by the federal government. Myth No. 3: The loan. guarantees cost nothing since Chrysler has not gone bankrupt. Myth No. 4: Chrysler’s top management has taken deep salary…

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