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In response to
"well, in the case of the auto industry it was a condition of receiving aid in the first place. Why wasn't it for AIG? -- nm"
by
znufrii
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Different set of circumstances.
Posted by
pmb (aka pmb)
Mar 17 '09, 12:21
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For various economic reasons relating to the basic importance of of the financial system remaining viable, the ripple effects of not supporting AIG are deemed more important than the auto industry. They were also more immediate. Less time to consider to decisions that don't deal with all contingencies.
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