Foundation for Economic Education
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Auto Rescue Money Gone for Good, Panel Says
Posted By Sheldon Richman
“Much of the money given to General Motors and Chrysler to prevent them from collapsing will never be recovered, according to a report released Wednesday by the Congressional Oversight Panel.” (CNN.com [1], Wednesday)
It’s just as well. The taxpayers wouldn’t have seen any of it.
FEE Timely Classic
“Bailing Out the Big Three Repeats Britain’s Mistake” [2] by Stephen Davies
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/auto-rescue-money-good-panel/
URLs in this post:
[1] CNN.com: http://money.cnn.com/2009/09/09/autos/cop_auto_report/?postversion=2009090903
[2] “Bailing Out the Big Three Repeats Britain’s Mistake”: http://www.thefreemanonline.org/columns/our-economic-past/bailing-out-the-big-three-repeats-britain%E2%80%99s-mistake/
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