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View Diary: A Bankruptcy Lawyer (Me), Corrects Factcheck.Org On the Auto-Bailout (Updated, re Private Funding.) (157 comments)

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  •  obviously top Auto Execs and Govt officials (0+ / 0-)

    are poorly informed on the topic or lying and CNN Money, Fortune and Detroit Free press are just socialist tools or too stupid to call them on it IF they were wrong or lying or whatever...

    or perhaps you are just sold on the talking point you believe no matter what and anyone with any direct information to the contrary... well by definition of disagreeing with you they are totally wrong.

    Pogo & Murphy's Law, every time. Also "Trust but verify" - St. Ronnie (hah...)

    by IreGyre on Fri Oct 26, 2012 at 07:07:57 AM PDT

    [ Parent ]

    •  Oh really? (0+ / 0-)

      All you're doing is regurgitating some one else's hyperbole--I believe that's the definition of "talking point"--at the expense of data right in front of you.  The fact that you disagree with me isn't at issue.  The fact that you disagree with the fact that there were commercial and industrial loans extended in November 2008 is.

      •  if these were 3rd party meme pushers... but (0+ / 0-)

        they are direct in the know participants so maybe they know something that Romney apologists don't or won't see or admit to... it sort of gets to the point that taking flat earthers into orbit will still not change their minds... so be it.

        The existence of other loans back then does not mean that saving GM was possible via normal credit... it wasn't, not then... with the size needed and the suicide alternatives only Federal Govt direct involvement made the difference in that time window... and without that GM would be gone, Chrysler, gone and with all their suppliers kaput... Ford would have almost certainly been pulled down as well... and the vultures would have picked the remains over for windfall gains... Bain business plan in spades... crippling debt (existing taken advantage of and or crippling levels added) and sooner or later companies broken up and sold off, moved overseas etc... and in this time and space it would have been in short order a million or two US jobs gone... and a deepening recession would have edged over into full depression.

        Pogo & Murphy's Law, every time. Also "Trust but verify" - St. Ronnie (hah...)

        by IreGyre on Fri Oct 26, 2012 at 11:33:06 AM PDT

        [ Parent ]

        •  Has nothing to do with Romney (0+ / 0-)

          I have no idea what a "meme pusher" is, but I suggest that instead of imagining this false debate between authoritative voices and the data, you might consider you're reading a bit much into extemporaneous statements and arguments.

          And this has nothing to do with Romney.  The proposal he came up with, along with several similar ones (debt-equity swaps were hot on conservative lips) is inferior to the ultimate shape of the bailout for several reasons.  Just not the one proposed by the diarist.

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