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I think 2008 showed ... how it works. The unfortunate part is that the GOP has now repealed whatever protections were put in place on banks after that.
by duxup 1y ago
I think 2008 showed ... how it works.
The unfortunate part is that the GOP has now repealed whatever protections were put in place on banks after that.
- WorldPeas 1y agowhen I read "how it works" I assume you mean that it was a success? bailing out GM in the way they did pushed their novel vehicle platform technologies to fall to the wayside and for them to refocus on combustion. New brands were on the horizon, there was a hope for a new modern vehicular order but the midrange of the market was squatted by GM's insufficient vehicles. I don't think 2008's bailout worked, at all.
- nemomarx 1y agoIt worked for GM, and therefore for the politicians who got favors and influence from doing it, etc. A particular sense of "worked".