>*During the 2008 Auto crisis the US gave those three $70 billion to keep them a... | Hacker News

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forgetsusername on May 3, 2016 | parent | context | favorite | on: Putting the Tesla HEPA Filter and Bioweapon Defens...

>During the 2008 Auto crisis the US gave those three $70 billion to keep them afloat.

Sold equity for it.

cmdrfred on May 3, 2016 [–]

Why didn't they sell that equity to private buyers if it was so valuable? Oh wait, the companies were on the verge of bankruptcy so that equity was worthless. Gave is the right word here.

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