Quote:
Originally Posted by Hemidakota
It is part of the Federal Bankruptcy terms and acceptance of TARP money, not from the actual automotive manufactures with closures of plants and dealership. Bringing another instance of government heavy handed rule, even medium to large banks, which revealed no losses as to BofA and Citibank faced were told to take TARP money. This is a known fact in the industry, as there are misgiving trusts in having government look over the shoulder or telling them on to loan money.
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I'm still gonna need a citation that the government is forcing dealerships closed. I'm also not entirely sure of what you are trying to say.
A) Banks taking money were somehow forced to close dealerships (which they can't do, though I suppose they could demand payment of debt right now).
B) It was part of the bankruptcy and bailout terms for the auto companies to shape up (aka, no money unless you actually try to make a profit so nix the licenses).
C) It was part of the bankruptcy terms and completely and utterly random with no motivation such as trying to steer said companies out of bankruptcy (Its not going to affect your bottom line, but death to dealerships, kill the licenses).
D) Something entirely different.
Neither B nor C fit the bill (not even A really). Unless you are a company owned dealership no matter what pressure the government puts on an auto company they cannot shut you down. And banks don't have the power to shut you down, they can demand you pay them in full as per any loans you've taken out and not give you any wiggle room but that is not the government shutting you down.