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December 31, 2012

(Video) Inside the Thinking Behind the General Motors Bailout

An insider discusses the thinking behind the General Motors bailout.  It's interesting because the reason for the bailout was because "there was no private capital available at the time."  That's usually what occurs when most companies file for bankruptcy.  When you are about the shank the bondholder, most entities aren't going to lone up to hand you more capital.

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