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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44931)8/18/2010 3:48:04 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "My only point of disagreement with your post is the idea that its very highly likely that the government's short term cost would have been higher without the bailout."

GAO and CBO both concluded that it was.

Re: "They may have been, but GM failing without a bailout isn't a forgone conclusion."

Oh contraire mon frere!

(No way in Hell they had enough capital left to avoid liquidation --- given that no other big investors were willing to belly-up to the bar to inject the necessary Billions required to pull the Enterprise through bankruptcy reorganization.)
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