I don't think bankruptcy for GM was ever not an option from my perspective. The money went to keep their hundreds of suppliers from going under also. Saving all those small/medium businesses from folding, through no fault of their own, and the millions(?) of jobs that go with it, was necessary unless you want a depression that would take decades to recover from. It still may take that long.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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