Quote:
Originally Posted by dennis in se pa
The money spent to rescue Chrysler and GM was well spent AND paid back. But I have recently been a converted Ford fan. The new Mustangs are amazing. And Ford has got quality pretty well nailed down. While to my mind Porsche (and I have owned 4 of them) has been resting on it's proverbial laurels and building cars with poor motors.
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It is likely quite easy to do well when so well subsidized by the taxpayer. The TARP loans were 'repaid' with other TARP funds in a Treasury escrow account. Not money GM earned selling cars. The taxpayers lost billions.
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