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

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Big Steve6/14/2011 12:51:13 pm PDT

re: #80 BongCrodny

How much would they have gotten if the companies had gone under?


That would have depended on the bankruptcy judge. While typically equity owners are at the end of the line, they can still get something. Also they would have been able to bring a class action suit in the case of going under, they were stripped of that right under the bailout.