The bailout that Iacocca oversaw didn't cost taxpayers anything. Those were loan guarantees; the federal gov't essentially co-signed a loan from Manufacturers H

The bailout that Iacocca oversaw didn't cost taxpayers anything. Those were loan guarantees; the federal gov't essentially co-signed a loan from Manufacturers Hanover (now JPMorgan-Chase). At no time was public money given, only risked if the loan defaulted.