Comment: General Motors was created by the Federal Reserve.

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General Motors was created by the Federal Reserve.

When they became a Federal REserve member then they agreed that they would be nationalized if they ever went bankrupt. In spite of the efforts of Congress to stifle their competition (think Tucker) for decades. Without competition GM became a central controllers dream until GM became bloated and inefficient and went bankrupt.

So all businesses should go bankrupt? Or all businesses should become members of the Federal Reserve? Or both?

Members GM, Bear Stearns, Lehman and AIG are just the tip of the iceberg!

Free includes debt-free!