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DepewTube: Is the Auto Bailout Right?


Markets, movers and more.

The US auto bailout is poised to give General Motors (GM) and Chrysler as much as $14 billion in emergency loans from taxpayers, with Ford (F) waiting in the wings for further support. Kevin Depew discusses, with himself, whether or not this should be allowed.

On one hand, we may not have a choice in this matter, as a swarm of jobs are at stake; the failure of this industry could mean economic devastation.

Yet the bailouts we have seen thus far are decades in the making. Reckless borrowing without accountability has led to the current situation.

No positions in stocks mentioned.

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