“I don’t see any reason to think that $25 billion would actually turn these firms around or even forestall collapse for very long. The car industry in general is in a big slump, and these companies in particular have been on a downward trajectory for a long time. You could buy General Motors for $1.75 billion or Ford for $4.11 billion. Asking for loans that are many times the total value of the enterprise seems to me like a mark of a very, very unsound underlying enterprise.” — Matthew Yglesias