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>During the 2008 Auto crisis the US gave those three $70 billion to keep them afloat. Sold equity for it.
by forgetsusername 10y ago
>During the 2008 Auto crisis the US gave those three $70 billion to keep them afloat.
Sold equity for it.
- cmdrfred 10y agoWhy didn't they sell that equity to private buyers if it was so valuable? Oh wait, the companies were on the verge of bankruptcy so that equity was worthless. Gave is the right word here.