With all the talk over government bailouts these days, I wonder what would have happened if the following earlier bailouts hadn't taken place:
New York City, 1975: $2.3 billion in loans
Chrysler, 1979 (probably the most well known auto industry bailout until GM): $1.5 billion in loans
Savings & Loans, 1989 (another hugely controversial bailout of a sector of the financial business in its time): $293.8 billion dollars