The Three Ps: Why Bailouts Are Problematic U.S. automakers are trying to secure billions of dollars in government loans in order to bail out the industry, but the idea doesn't sit well with veteran auto reporter Paul Ingrassia. The problem with bailouts, Ingrassia says, can be summarized by three Ps — philosophy, practice and precedent.
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The Three Ps: Why Bailouts Are Problematic

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The Three Ps: Why Bailouts Are Problematic

The Three Ps: Why Bailouts Are Problematic

The Three Ps: Why Bailouts Are Problematic

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U.S. automakers are trying to secure billions of dollars in government loans in order to bail out the industry, but the idea doesn't sit well with veteran auto reporter Paul Ingrassia.

Ingrassia talks with Steve Inskeep about the problem with bailouts, which he says can be summarized by three Ps — philosophy, practice and precedent.