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Is the White House the ultimate solution to Yellow Corp’s troubles?

If so, forget free markets* but mind you: the US government did well bailing out $54bn-market-cap-now General Motors at the height of the credit crunch over a decade ago, although Uncle Sam regretfully lost over $10bn of taxpayer’s money.

(*More on that matter and YELL here.)

I was chasing and modelling the “$ GM recoup rate for the Treasury” in those days and it didn’t look promising. With hindsight, it was money ...

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