Quote:
Originally Posted by LateBrakeU2
True, but GM was the most egregious in that grease fire- considering it was their sub prime mortgage division that got the whole party started. They alone cost taxpayers over 11B, did a 100-1 reverse split on their common stock and then went BK not to mention the pensions.
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Oh, I'm not defending GM or Chrysler or anyone else... Just saying Ford took handouts as well...
Additionally, I think the bailout was everything GM needed to clean its house up anyways. It shuttered Oldsmobile not long before the bailout, closed Saturn, Hummer, Pontiac....and shut down some unneeded models in the rest of their lines. Still think they would be better off shutting down GMC and folding it in with Chevy or folding Chevy trucks under GMC.... but I digress...