I did some research this morning on the subject. Their flyers were a bit misleading.... Go figure..
These loans were not for the manufacturing parts of the companies (Ford, BMW, Chrysler, Toyota, GM) they were for the financial portions of the companies. These loans were to make sure there was money for car loans.... Remember, we were in the midst of a credit crunch.
All loans have been paid back.....
How does something immoral, when done privately, become moral when it is done collectively?
Furthermore, does legality establish morality?
Slavery was legal; apartheid was legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of morel people. - Walter E. Williams