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What you call the first bail out I assume you mean TARP. Those were loans which have been paid back with interest. TARP didn't take controll of an industry like Obama did with General Motors.
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True but I think the natural progression of taking control of the industry after TARP was in the cards no matter who was at the wheel.
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“You're painfully alive in a drugged and dying culture.”
― Richard Yates, Revolutionary Road
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