Detailed text transcripts for TV channel - MSNBC - 20120223:06:26:00
That he published in 2008 that said, let detroit go bankrupt. and what he meant by that is that he wasnt going to provide a rescue loan to the industry, to ensure that they could remain functioning while they went through a structured bankruptcy. not even his own bain capital would provide the private financing. private financing at that time did not exist. so if you have this incredible business experience and know how the real economy works, you have to understand that private financing wasnt ...
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