The Next Subprime Sinkhole

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This is an opinion item.

Author(s) George F. Will
Source New York Post
Date January 8, 2009
Quotes-start.png "Right after GMAC became eligible for TARP money, GM reduced to zero the interest rate - for up to 60 months - on certain models. This, of course, penalizes GM competitors, including Toyota, Honda and other "transplants" whose cars are made in America by Americans for Americans, and Ford, which doesn't have the freedom of maneuver conferred by TARP money because Ford isn't taking any." Quotes-end.png

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This item argues against the position United States should bail out the automobile industry on the topic Economic crisis of 2008.