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I would also like to add that fear is not a valid reason to support bad management and irresponsible corporate citizens.
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That really depends on how bad the worst case scenario is actually.
Preventing a crash of the whole system might be worth rewarding a few people for bad behavior.
The question is whether we should fear a hyperinflation more than a hard recession or the other way around.
I don't think that I know the right answer.
I also don't know whether bad management is the course for GM to go down in this case.
Cars in general got a big hit in demand because of the financial crisis.
If a firm can't sell the products it expects to sell it normally has to take a credit.
At the moment there no credit available.