I think this was called “fascism” back in school.
FIAT was an Italian govt corporation hearkening back to the Mussolini days ( please correct me if I’m wrong ). Not many of them coming off the line now.
Screwing the bondholders who should have been first in line did great damage to future investment in Detroit.
But, that was the intent, I suspect...
Exactly!, and well said.
” Screwing the bondholders who should have been first in line did great damage to future investment in Detroit.
But, that was the intent, I suspect...”
Sure seems so.