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Politics : Politics of Energy
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To: RetiredNow who wrote (9039)6/5/2009 8:54:04 AM
From: Brumar89  Read Replies (1) of 86356
 
Which airlines became government owned? Which airline bankruptcies has the government intervened in? In the case of GM and Chrysler, the federal govt isn't just loaning money, it owns a majority stake.

We should probably remember that when Congress loaned money to the airlines, it was 2 weeks after 9/11, which did a lot of economic damage to that industry. That would make that an emergency response to an unusual situation.

There certainly h/b other bailouts of other companies in the past, Chrysler, for instance. In general, most of those would fall in the category of mistakes best not repeated.
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