re: #199 Obdicut

They only got a managed bankruptcy because of the bailout. Before that, there wasn’t anyone willing to take the financial risks of guaranteeing them through the bankruptcy.

But at the time GM was asking for a cash loans. This was late 2008. In other words, the path that Romney suggested was unwise WAS truly unwise - loaning these car companies billions without restructuring would have been idiotic. And Romney did support govt backed financing and warranty guarantees IF there was restructuring.