linus.rawlins
The federal government bailed out the auto industry with large loans but that is only half of the story. What happened to the equity of bondholders? How much did they lose in the bailouts?
Oama says 1 million jobs would have been lost without the bailouts? Is this true?
1 Answer
FISH-O
I found this very interesting article...
http://www.nationalaffairs.com/publications/detail/the-auto-bailout-and-the-rule-of-law
I have read that bondholders lost about 75% of their investments.
And this from another article ... Link provided...
Finally, what about the bond holders who many conservatives say were shortchanged in the deal receiving just pennies on the dollar of the value on their investment? Well, buying the bonds was a bet that in this case did not pay off and many of the bondholders purchased the bonds at fire side sale prices to begin with.
http://www.huffingtonpost.com/marvin-meadors/did-president-obama-hand-_b_1317910.html
| 11 years ago. Rating: 3 | |
