Detailed text transcripts for TV channel - MSNBC - 20120219:18:18:00
Profits and you are saying gm would have had the profits without the bailout. >> i think gm would have had those profits with a traditional bankruptcy versus a federally funded breeders cup. traditional bankruptcy would have been funded by the capital markets. one might say that the capital markets were in -- possible at the time to provide those dollars. the answer to that is that at the very worst, it would have been government guarantee of the bank loans and bank groups have been lining up to make those loans. it is -- it is two different philosophies and the point is using taxpayer dollars...
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