Regardless of the GM bailout headlines proclaiming the staggering numbers, the true story of the federal government’s bailout of GM, using TARP funds, is way more than simply the billions of dollars concerned. It is extra importantly a story of governmental hubris that started with President Bush and the Republican Congress panicking and pandering to public fears, adopted by President Obama and his administration – the Treasury Department in particular, skirting, or ignoring the rule of regulation to pursue a plan that was formulated primarily based on political issues fairly than established contract regulation and sound financial procedures.
This is very useful data, and I recognize what you say about skipping the anger and bitterness. My husband’s cousin went by way of bankruptcy about 10 years in the past and he and his family are way more financially healthy now. Some require earlier expertise and others attributable to a NO … Read more