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this post was submitted on 29 Aug 2024
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I wrote this for another post but it's still relative here.
How many times have we bailed out or given loans/grants to the Big Three?
1979 - Dec. 21- Chrysler receives a $1.5 billion federal loan guarantee, known as the Chrysler Loan Guarantee Act of 1979, the first big US automaker bailout. Source
Dec 2008 - President Bush announces a $13.4 billion emergency bailout for GM and Chrysler to be paid by mid-January 2009. (source same as above)