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Video: Romney Insists He Was Right About Allowing the Auto Industry to Go Bankrupt

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recusancy6/14/2011 12:59:46 pm PDT

re: #91 Buck

You mean declared bankruptcy? I don’t know.

But the point is that the rules were skirted in this case. If all that happened is that GM borrowed money and then paid it back, then what happened to the debt to the shareholders?

You don’t know. I’ll help you out. Zero. They would have received zero. At least in this situation a company and jobs were saved.