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To: jazusamo

Is’nt Obama accusing Romney of being against auto bailouts?
If I recall correctly, Romney was for “orderly bankruptcy” which means all existing union contracts would be re-negotiated and all company liabilities would be put on hold until re-organization.

The way GM was re-structured was to zero out all bond holders and unions got the bailout money. And common stock was acquired by the government.


4 posted on 05/04/2012 9:23:21 AM PDT by entropy12 (Anybody but Obama in 2012)
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To: entropy12
According to Romney's senior adviser his position is the same as Zer0’s on the bailout. Don't know what Zer0’s been saying but then he'll say just about anything that pops into his head if a teleprompter isn't in front of him. :)
7 posted on 05/04/2012 9:30:58 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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