Dec 12 2008
Why People Object to Car Maker Bailouts Even Though The Bank Bailouts Went Through
Two simple reasons:
1) Fool me once, shame on you. Fool me twice, shame on me.
2) Everyone understands, at the gut level, how aggravating an overpriced, shoddy car is, especially when coupled with an unpleasant purchasing experience and unscrupulous dealer service. Few average joes have time to delve into the intricacies of credit default swaps, legislative and regulatory history, and financial modeling. A bad car, we get.
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