Henry Ford on Bailouts
In February of 1933, Henry Ford said the following referring to the Hoover’s plan to bail out the banks:
Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again. (Source: LRC Blog)
Needless to say, that’s a just little ironic given that Ford is now begging for taxpayer money. :-P
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