Cheney admits he disagreed with Bush on GM bailout in new memoir
Cheney said that he felt that bankruptcy was the right option.
Even so, the former vice president defended the $700 billion Troubled Asset Relief Program designed to pull U.S. banks out of hot water, saying that the U.S. government was the only body able to protect the banking system from collapse. Private companies, Cheney said, should be judged by the marketplace.
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