Quote:
Originally Posted by Cmicasa the Great XvX
Hmmmm sounds vaguely similar to a certain Larger American Automaker's request for the same reasons, but then had to file Chapt 11 an reap untold ridicule and hassle from people in this county who felt that NO private company should get loans from the Federal Gov. I guess it only applies to American companies  |
GM got a hell of a lot more than a loan. Old GM DID receive loans, but they failed anyway.
Acting as a lender of last resort is an essential duty of any central bank. IMO, that's not a good thing, but it's not abnormal.