Tuesday, June 02, 2009

GM latest in string of US company takeovers - Yahoo! Finance

GM latest in string of US company takeovers - Yahoo! Finance: "WASHINGTON (AP) -- The U.S. assumption of a controlling interest in General Motors Corp. isn't the first time the government has nationalized a company or an industry. It has taken shares in banks, railways, steel mills, coal mines and foreclosed homes."
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Good historical perspective on this. Most of these nationalizations were temporary and during wartime.

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