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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by ottopilot
The long line of AMTRAK bailouts.
Chrysler
1994/1995 Mexican peso crisis bailout leading to Nafta.
1995 - Clinton administration gets billions for the International Monetary Fund (IMF), plus the Federal Reserve arranged for a $3.65 billion bailout of its friends in an investment group running a ""hedge fund'' in Connecticut.
Ethanol and farm subsidies.
and on and on and on ...
Just like the Bush administration, I'm sure we can step through just about any past administration and find bailouts. I'm not assigning judgement, but pointing out it's biz-as-usual in politics. Just adding levity to ease the theatrics.
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right, so far in my lifetime, I've seen plenty of bailouts which saved companies and whole industries. It goes back as far as I can read in American history.
It's not anything new at all.
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