GM and Ford Still Getting Bailout., In Sweden. »
Posted By populist 1 year ago in Business & FinanceYesterday, the Swedish government decided to come up with its own bailout package of the Swedish car companies Volvo and Saab, who are owned by Ford and GM respectively. The package consist of SEK 25 billion in subsidized loans and SEK 3 billion in a direct hand-out to research intended to develop more "green" cars. There is no question that it will pass, as for one thing the opposition Social Democrats favor the bailout too, and for another, in Sweden, the members of parliament are expected (and almost always do) to vote as their party leader orders them. And no such thing as "filibuster" exists in the Swedish parliament.
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populist
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