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

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RogueOne6/14/2011 1:59:14 pm PDT

re: #205 Obdicut

And because of the money tossed at them, they were able to go chapter 11, and not chapter 7.

This was in the middle of the financial crisis, remember?

I do remember and they still could have gone through a chapter 11. They should have had to use the exact same bankruptcy rules everyone else uses. This wasn’t an auto industry bailout, it was a UAW bailout at the expense of everyone else from their bond holders to the tax payers.