Was It Worth It? Bailout Report Card Of Detroit's Big Three

first off why is ford in the picture? they took NO bail out. anyway no it wasnt worth it unless you were a uaw retiree or worker. the uaw got billions in stock paid nothing and risked nothing. the pension fund and medical funds were replenished for the uaw. the old gm bondholders and the taxpayer were caught holding the bag yet by law the bondholders should have been paid first. oh hows the volt doing lol. even with the subsidy its not doing to well and wont. way to go gm.

Thanks for repeating the FOX line, but bondholders often lose all. In fact, the bankruptcy agreement was ratified by the bondholders.

The UAW did get some "preferences," but they also took on the stinking turd of pension liability and health care funding--- which, had they not done so, would have fallen on the US taxpayers .......along with hundreds of thousands on unemployment. It remains to be seen if the liabilities they took on are offset by any "preferential treatment."

It is not honest to talk about a $15 billion cost........without comparing it to the far greater cost of doing nothing. When you consider the impact on taxpayers of assuming the burdens of an uncontrolled bankruptcy, it seems pretty clear that the bailouts saved the taxpayers far more than that.

Bush/TARP are why you're not caught in food riots. Give the man a hand!

that article added nothing new. grr.

Article title and picture are misleading. Ford didn't take any bailout money, yet theyre doing the best out of the Detroit 3.

Personaly-I'm rooting for Chrysler. I want to believe that Fiat will inject some interesting products into Chrysler line up. GM I have this least affinity for. However they seem to be on the cusp of somthing big. Ford is doing ok but what are they going to do with Lincoln. I still dont understand why no RWD with IRS in their sedans. Looking forward to a redesigned Mustang.

BMW took 3 billion dollars in US taxpayer TARP money. Toyota took a bunch, too.

Had we lost hundreds of thousands of manufacturing jobs from the shutdown of automakers and their suppliers (Toyota has said it and Honda would have had to shut down because of supply chain issues), this would have been a much worse collapse than the Great Depression.

Bush was correct to bail out auto companies.