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

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Obdicut (Now with 2% less brain)6/14/2011 2:40:30 pm PDT

re: #293 Naso Tang

Without assets to pay off the creditors, yeah, they’d get screwed over. That’s what I meant about having to get loans to go through Chapter 11. The court probably wouldn’t have approved a plan that caused the sort of economic landslide you’re very correctly pointing out.