No doubt about it and it’s not just the dollars. Like he says about the ignition switch fiasco, GM basically walked away from what should have been criminal prosecutions.
” GM basically walked away from what should have been criminal prosecutions.”
They paid huge finess, but it was the shareholders(ie firemen cops, etc) who actually paid the fines. Same ol same ol.
I remember stories about the USPS and advertisements claiming that they were better than UPS and FedEx. Tax dollars were used to go after private businesses. Ironically, UPS and FedEx, through their taxes, paid for the same adverts that were attacking them.
And then, there is the bailout itself. Which was really a bailout of the unions at the expense of the stockholders and company. IMO, the reason, they had to file for bankruptcy was because they build crap. Their quality sucks! Yet, after the multi-billion dollar bail out I didn't see any effort to improve quality and customer satisfaction. BTW, they paid the so called “loan” with TARP money. Yes, they received a bunch of TARP money.