2009 Auto Bailout
Deepa Seetharaman discussed the long term economic effects of the 2009 auto bailout and the fiscal state of the auto industry. She… read more
Deepa Seetharaman discussed the long term economic effects of the 2009 auto bailout and the fiscal state of the auto industry. She discussed that the original expected loss on the auto bailout, around $80 billion, has been reduced down drastically, to around $14 billion. She stressed that, being in a free market equity system, the returns on the auto bailout will directly correlate with the stock price of the auto manufacturers. She also discussed difficulties being faced by the auto industry both domestically and abroad. Viewer questions were taken via telephone and electronic devices. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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