Gettelfinger Motors

From Discourse DB
Jump to navigation Jump to search

This is an opinion item.

Author(s) The Wall Street Journal editorial board
Source The Wall Street Journal
Date May 4, 2009
Quotes-start.png "Certainly the bondholders deserve to take a haircut like everybody else. But squeezing them in such a blatant fashion has other consequences. Who would be crazy enough to lend GM money in the future? The Treasury also says it wants banks that do poorly in its "stress tests" to try to raise private capital before putting in more public money. The mauling of GM creditors tells investors not to invest in TARP banks because everything this Treasury touches turns to politics." Quotes-end.png

Add or change this opinion item's references

This item argues against the position U.S. government restructuring of Chrysler was correct on the topic Chrysler bankruptcy.