Automakers

Engineers of 2009 auto bailout say virus rescue should be bigger

Rattner
Steven Rattner: "There are certainly lessons learned from 2008 and 2009 that should hopefully help the people who are trying to solve the problem this time." (BLOOMBERG)
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By:
JEFF GREEN and MIKE DORNING
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By:
Bloomberg
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March 20, 2020 12:58 PM

The U.S. government should apply the lessons learned in the 2009 financial bailout and scale them up for the current crisis -- but with stricter terms for the largest, healthiest companies, according to members of the team that led the last industry bailout.

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