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Re: Too Big To Fail.... Again? [Re: Steven 49er] #8458591
7 hours ago
7 hours ago
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
Originally Posted by Steven 49er
Originally Posted by Dirt
You do know that most of the bailout money from 2008 was paid back with profit in many cases?

""


Doesn't make it right.


That was not the point of my post. Did I make a moral judgement? The point was Trump ain't the first politician to try and get a return on government bailouts. People's ignorance on here appalls me daily.


Who is John Galt?
Re: Too Big To Fail.... Again? [Re: Dirt] #8458676
1 hour ago
1 hour ago
Joined: May 2011
Oakland, MS
yotetrapper30 Offline OP
trapper
yotetrapper30  Offline OP
trapper

Joined: May 2011
Oakland, MS
Originally Posted by Dirt

That was not the point of my post. Did I make a moral judgement? The point was Trump ain't the first politician to try and get a return on government bailouts. People's ignorance on here appalls me daily.


Well, I didn't support anything about TARP either. Just because it has been done before does not make it in the best interest of the country to do it again.


Proudly banned from the NTA.

Bother me tomorrow. Today I'll buy no sorrows.
Re: Too Big To Fail.... Again? [Re: yotetrapper30] #8458680
1 hour ago
1 hour ago
Joined: Dec 2006
Magna, Utah
G
GritGuy Offline
trapper
GritGuy  Offline
trapper
G

Joined: Dec 2006
Magna, Utah
What appalls me is the audacity of others thinking they are so much wiser or ahead of others that they believe they should celebrate that here!


[Linked Image]

Sorry if my opinions or replies offend you, they are not meant to !

Re: Too Big To Fail.... Again? [Re: yotetrapper30] #8458693
1 hour ago
1 hour ago
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
"Lee Iacocca Bailout
Lee Iacocca played a pivotal role in securing a federal bailout for Chrysler during its financial crisis in the late 1970s. After being hired as president of Chrysler in 1978, a company then on the verge of bankruptcy, Iacocca led the effort to obtain government assistance.
He petitioned the U.S. government for loan guarantees, arguing that Chrysler was too important to the American economy to fail, with significant job losses at stake.

In January 1980, President Jimmy Carter signed the Chrysler Corporation Loan Guarantee Act, which authorized up to $1.5 billion in federally backed loan guarantees.
Contrary to popular belief, the government did not directly lend Chrysler the money but instead guaranteed the loans, reducing the risk for private lenders.
As part of the deal, Chrysler had to secure additional financing and implement cost-saving measures, including concessions from the United Auto Workers union and changes in management practices.

Iacocca’s leadership was instrumental in turning the company around. He streamlined operations, introduced fuel-efficient models like the K-cars in 1981, and launched the highly successful Dodge Caravan and Plymouth Voyager minivans in 1983.
These strategic moves, combined with aggressive marketing campaigns featuring Iacocca himself, helped restore profitability.
Chrysler repaid the government loans seven years ahead of schedule and even provided a $250 million profit to the lenders.

This bailout was a landmark event in U.S. business history, setting a precedent for future government interventions, such as the 2009 auto industry rescue.
Iacocca’s success in navigating the crisis not only saved thousands of jobs but also reshaped perceptions of government’s role in corporate recovery."


Who is John Galt?
Re: Too Big To Fail.... Again? [Re: yotetrapper30] #8458697
1 hour ago
1 hour ago
Joined: Apr 2010
Ohio
S
stinkypete Offline
trapper
stinkypete  Offline
trapper
S

Joined: Apr 2010
Ohio
X2 White 17. I live less than 3 miles from the Intel site. Was to be completed in 2025. Now extended to 2031 and beyond.
Intel never kept up with chip technology. Let capitalism work it out. Not the government

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