I think the comparison to bank bailouts is fair: in his autobiography, Iacocca complained that he had to go to Congress to get a billion dollar loan, but the Fe

I think the comparison to bank bailouts is fair: in his autobiography, Iacocca complained that he had to go to Congress to get a billion dollar loan, but the Federal Reserve routinely loaned similar amounts to banks (although I don’t know how well he understood banking, so his definition of loans to banks may have been unfair).