Quote:
Originally Posted by The Captain
Agreed, and they would have went down had the government not given them the loan, but I hate when people call it a bailout. If they were given the money free and clear, then yes it's a bailout, but they have to pay back over 100bil and the government gets a 85% hold. That just seems more like a smart business decision than a bailout.
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I'll give you that. But if you're balls deep in **** and you take out a two year 80billion dollar loan, how is it going to look when you spend $440,000 a few weeks later on some vacations?
Now that the government holds 85% what has it done to fix problems?