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Car Czar, Steve Rattner, Completely Debunks Romney Detroit Auto "Managed Bankruptcy" Fantasy

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Uploaded on Feb 24, 2012

Clip from February 24, 2012, MSNBC Morning Joe, where Car Czar, Steve Rattner, completely debunks Mitt Romney's nonsense, fantasy claim that his suggested "managed bankruptcy" for the Detroit auto companies without the huge government bailout would have saved the auto industry. Rattner correctly points out that, since no one was willing/able to lend the huge sums of money necessary for the auto companies to survive, that it was either take the government money and survive or not take it and liquidate.

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