May 9, 2010 #1 B Bill Member Joined May 13, 2008 Messages 551 Reaction score 0 Points 16 Could you explain the bailout of these companies in simple terms. I would like to know more about them, because I did not fully understand the bailout. Thanks, God Bless
Could you explain the bailout of these companies in simple terms. I would like to know more about them, because I did not fully understand the bailout. Thanks, God Bless
May 9, 2010 #2 S sound_of_the_silenced2 New member Joined Mar 7, 2010 Messages 4 Reaction score 0 Points 1 Ford did not take tax payer money. GM and Chrysler are owned by the government. Bush used tarp funds designed for banks and congress never voted on bailing them out. Thats what happened.
Ford did not take tax payer money. GM and Chrysler are owned by the government. Bush used tarp funds designed for banks and congress never voted on bailing them out. Thats what happened.