Nanny State for Well-Paid Managers

Great historical research but suspect prognosis

The thesis of this book is simple. Starting from 1971, when defence manufacturing company Lockheed was rescued for $250 million, the US government has been consistently bailing out US companies. From loan guarantees for Penn Central in 1974 ($676.3 million), to the $1.5 billion rescue of Chrysler in 1980 and then Continental Illinois Bank in 1984...

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