iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Fun With Bailed Out Corporations

“When General Motors and Chrysler were bailed out by the Obama administration, they received not only billion-dollar deals, but also a get-out-jail-free-card for auto liability lawsuits.

Today, the newly reborn car makers don’t have to pay the plaintiffs who won lawsuits before the government-arranged bankruptcies. These legal cases stemmed from defects in GM and Chrysler cars that resulted in accidents that left passengers dead or permanently disabled.”

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