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Politics : The Trump Presidency
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bentway
To: i-node who wrote (20200)6/1/2017 12:29:10 AM
From: Wharf Rat1 Recommendation  Read Replies (1) of 358072
 
"If you read it in HuffPo,"
I didn't.

"you probably want to check other sources."

I did.

For any company to go through bankruptcy, they need a bank or consortium of banks to provide financing. No bank or banks stepped up in 2009 to handle a GM and Chrysler bankruptcy, so the U.S. Treasury tapped Troubled Asset Relief Program (TARP) funds to help the auto industry.

forbes.com

"Unions had too much power when those horrible contracts were created."
It's not the unions who had too much power. It was the expensive gas guzzling vehicles demanded by management. They couldn't compete with inexpensive foreign cars meeting emissions standards set by their own countries.
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